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Alias Born | 12/03/2017 |
Thursday, August 17, 2023 9:57:37 AM
This has been going on since May non-stop, and there were only about 220M shares that moved to unrestricted, so the only scenarios I can think of are:
1. The OS on OTCM hasn't been updated and OTCN is diluting us with those 900M that were added.
2. The scenario (SAGA execs buying to increase post-deal ownership) I mentioned above. (OTCN/INTL recycling shares for purpose of controlling/pushing pps down as deal is dragged out)
3. Based on what we know is owned by retail on here, discord, twitter, etc..., I think #3 is unlikely, but I'll list it anyway. Some other very large shareholder or shareholders from a long time ago is dumping for some reason. However, we've traded roughly 1B+ since they started, which makes me lean more towards #1 or #2.
Those suggesting naked shorting, I seriously doubt it. I'm convinced what we've been watching with OTCN has more to do with this deal. I would like to think that if we we're being naked-shorted to this degree, our attorney CEO would actually address it. Also why I believe that the VIRT+OTCN combo that happens every time we break .10 is being done at the direction of a "friend" and/or "undisclosed partner."
Anyway, doesn't appear that OTCN is stopping anytime soon, but RSI is almost at oversold, so we'll likely see a tiny teaser spike soon, where the RSI magically jumps 13-20 points on 3M traded and +2%-4% green...
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