BlockQuarry Corp (BLQC)

[Carini]

Indeed, the float is tiny for an OTC stock. And the O/S increased by only 500k shares last month, which were restricted, and which I think were previously announced as payment to either Massolo or the blockchain company although I can't find the link at the moment.

Honest opinion:

To his credit, it appears that Pierce was actually telling the truth this time when he said back in February that "many noteholders have agreed to extend their notes to 2019." With the exception of a few brief spurts of share selling, there's been little to no dilution for almost a year now, and certainly not the toxic spiral dumping we are used to here. None of it has been enough to really break the chart, which continues to show a slow-but-steady uptrend since the R/S (see below). Add to that the fact that ISBG actually managed to file audited financials, recruit a surprisingly-reputable board of "independent" directors, and uplist to OTCQB (albeit a couple years and a 255:1 reverse split later than originally announced), one might even be tempted to be genuinely bullish on ISBG. Provided, of course, that one is capable of putting conveniently out of mind pretty much everything that happened prior to September 11, 2017. (Who the hell got those .0002's on the post-R/S dump anyways?) Personally, I'm still waiting for any sign that Terry Williams (or any of the new directors) is actually involved with this company outside of ISBG's own PRs.

In any case, the stock has been flagging for a few weeks now on low volume, and there's been some significant bid support coming in in the .023-.025 range the past few days (although very little beneath it). It also seems that current holders are indeed holding, and very few shares are available up to the resistance at .04 (hello VNDM). IMO, the next week or two should be telling as to whether this ticker is going to make another attempt to break that .04 level (en route to .08-.12 IMO if it does), or else start to peter out and head down to test that big .015 support, before devolving into a game of catching falling knives.

My personal observation is that the market is in a "wait and see" pattern--I mean, LOI's and "blockchain white papers" are great and all, but it's time to start seeing some concrete achievements and closed deals (and $0 Q2 revenues certainly didn't help)--and if the company doesn't start producing some actual, tangible, independently-verifiable results in the "OND" season (a.k.a. the "Super Bowl" of liquor sales) then some of these buyers who have been accumulating the past few months will start to unload their positions before year's end in anticipation of conversions beginning again in 2019.

That said, as long as the share structure remains stable (and that OTCX flipper-bot doesn't get too crazy), I think this POS will continue a gradual uptrend from here--via periodic retail dumps into a rising bid and the occasional over-eager buying off the ask--and even make an attempt at breaking .05 on a high volume day in the near future. I'll even go out on a limb and guess that an .05 break will happen by Halloween at latest, if it is going to happen at all. I base this solely on my observation the past few years that, eventually, some trading group will take notice of a low-O/S (i.e. < 50-75MM shares) OTC stock with a mostly locked-up float, a string of "big things coming soon!" press releases to pump and no record of recent dilution, and have a field day with it. Provided, as always, that the current share structure and dilution conditions stay reasonably close to what they currently are.

When it comes, you'll know it, because this board won't be so boring anymore...

All IMO of course...

3 day chart below: