InvestorsHub Logo
Followers 126
Posts 7325
Boards Moderated 1
Alias Born 12/03/2017

Re: docsetc post# 186736

Wednesday, 09/20/2023 12:45:46 PM

Wednesday, September 20, 2023 12:45:46 PM

Post# of 198704
Unfortunately doc, I think this was to be expected. For roughly the past 1.5-2 years, ASCM shows up to short us with every PR that drives volume. Then in the 1-3 days following the PR, they work to erase whatever gain we saw, while they cover. The difference with this one is that we also have OTCN selling what seams to be unlimited shares, and ASCM knows all they need to do is keep dropping their ask, and OTCN will jump them; and OTCN is doing it in such a way that makes zero sense. They stopped selling and/or went off of L2 when the pps went up past 05, but then as soon as we're driven back down, they reappear to sell. This is why I believe they're executing conversions for somebody who qualifies for the discounted conversion rate (something like 50% of lowest closing bid over x number of trailing days). Other than that or unless they have some kind of pre-arranged deal to sell to somebody at 04 or lower, it doesn't make sense that they're intentionally selling for less.

From the looks of L2, they're not allowing this back over 05 anytime soon; or at least not without some help from a PR and/or news. The second we dropped under 05, L2 immediately shifted in perfect sync to stack under it. I think we're pretty much stuck under 05 for at least until OTCN is finished, and when that is, nobody knows. Maybe we'll see some sustained buying/volume when the deal is officially closed, or at least I'm hoping for it....

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ENZC News