I've never captured so many one buy at 00005. congrats!
I think most of the shenanigans on UBQU related to first republic and pacwest bancorp (stay tuned, wells fargo and silvergate soon) rippled down on thursday. friday might have been a 0 volume day except for a few loyal retailers.
IMTL finally got pushed down to nobid today. which is fine by me since I started bidding tiny 2.50 dollar lots at trip 1. I expect to have a similar situation on IMTL where they'll drop it to 000001, and I'll get some 00005s there.
today is a lazy friday, low volume everywhere, and the indices are up. green on low volume is bearish. and its a distraction as the financials are looking horrrible. at this point lol banks YTD looked like the MJ sector in 2019. down 99%. UBQU and IMTL going pink? so glad to be here than in big banks.
I only can guess about IMTL. it has revenues obviously. it is supposed to be a non fungible token company. uses computers. easy now that lawrence's widow sold to JB to move the HQ. my guess is it isn't a big company. maybe the handful of employees there would be happy to relocate to florida, where there's no state income tax.
of course, the fundamentals there are terrible. you don't get to nobid not being a pos fundamental company. BUT....reason we all go slammed in 2019 was because wall street talking heads told us MJ was the future, right? so we got rug pulled...the whole MJ sector.
what are they saying now? why they are saying non fungible tokens are dead. like crypto, never coming back. dead dead dead.
they joked about everything from the automobile to computers to that online bookstore that would go nowhere, amazon, to theaters to game cartridge brokers...
all came back.
notice they aren't joking about banks. they are saying oh we'll save the banks.
I'm contrarian on all of mainstream financial media.
so there's some hope for IMTL to actually return on fundamentals.
as for UBQU. well I'm less confident on fundamentals, but it's clear they've spent 3 years driving ubqu to nobid and keeping it there. and as always I'm sure UBQU is one of thousands of places the bad guys hide their unethical and illegal shenanigans.
If I am right, the bad guys hold more than half of the 29 billion shares out there. and I think GPL knows that.
so one day maybe, one of those bad guys is going to cut their team mates loose and pump UBQU for proof of collateral or just make billions, rug pulling new retailers. if that scenario happens, my guess it will be citadel who is picking up all nobid sells to 000001...on thousands of these nobids on the OTC. so there is that.
all I know for sure is this. these companies are doing their best to stay pink. GPL obviously doesn't want to forclose on IMTL and UBQU. they'd lose all their loans effectively. and they don't want to pump the retailers, they've pulled all their communications. could be because the retailers are mad as hell and wouldn't buy, but if they thought there would never be a run again on UBQU or IMTL, and retailers are out. they'd just stop paying cheung to file and let these two stocks spin off to expert markets.
I think GPL leaders know something. sure they were corrupt during the bull market, dumping on retailers.
2021 changed all the rules and 2022 showed that the minor criminals in the OTC were being puppeted by the big league world criminals of the blue chips.
I don't think the next run ups will start with retailers buying. it will come from forced exiting of institutional players....across a lot of the OTC
