I don't know what's going on here anymore (in regards to trading, volume, PPS - not the with the company business plan). Last week we saw heavy volume as the week progressed on, both on the Ask and on the Bid. Seems .0002s are the flavor of the month, if they're on either - they get hit hard. Friday we saw the largest volume yet with close to 3/4 of a billion shares and we started Monday off with close to 640mil shares! We go up 1 tick, then go back.
I grabbed a bunch of 2s and some 3s on Friday and more 2s on Monday, and now have averaged down to .0009!!
Now I find myself complaining about the same thing I did in July/Aug during the dilution period... BIG volume on both Bid&Ask, consistent t-trades, minimal movement of PPS ... and of course BMIC & VNDM sitting on the Ask showing fake amounts, but apparently with an endless inventory. I thought Friday's and Monday's volume would break their back ... but, no.
It feels like we're in another tranche of notes being converted. We're almost half-way thru Sept and nearing the end of the Q3. We'll see in the Q3 10-q (most probably on Nov 21 or 22) how many shares were added to the OS.
I know there was discussion regarding MMs and cross trades, and trying to cover, etc .. but with volume like last week and today, that should've "broken through" walls and we'd be sitting on .0004s, flirting with .0005s - and any decent PR could send us north (possibly .0007-.0009), right?
IMO, I think it was Brick Top who mentioned it, but I agree: any updates regarding convertibles, etc., would be nice (either in the form of an 8-k or a PR to shareholders).
Just a little venting before I hit the sack .. see y'all in the morn.
