What’s really interesting is the ask ISN’T increasing, but rather decreasing. All these shares being soaked up at .0001 and no one is interested in flipping them? It could be that shareholders are getting impatient at .0002 and willing to sell their shares at .0001 just to break even and get out. The interesting part is the party who just purchased those same shares from the impatient seller, didn’t turn around and place a sell order for them at .0002. Almost feels like not releasing the 10K on time was the plan all along, as if they don’t want people buying VCPS, but rather the opposite.
One thing that makes the theory above somewhat weak is the lack of a strong bid. Every time we have a bid at .0001, it almost always gets filled. It seems easy to get .0001s if you really want them, so that kinda puts a huge dent in my theory. A perfect example was on the 18th of June, when VCPS was back to no bid with about 20 mil left on the ask right before close (a little over 50 million in volume traded that day, but it could have been around 70 plus had the last 20 million been purchased). Those remaining shares never got filled, and they didn’t show back up on the 19th when the ask was back to .0002 again. How come those remaining .0001s didn’t get picked up, and will that seller come back to sell his remaining 20 or so mil?
Despite the selling of .0001s on the 18th, it seems like there are not many .0001s left for sale. If this starts moving up in price, based on the L2, it doesn’t look like there is much resistance at .0002 either. If VNDM is still on the ask at .0003 once all the .0002s clear, or if he moves down to .0002 with 10K shares, then it’ll be obvious dilution and I would stay far away, especially if they are still non-reporting when and if the run happens.
AI
