Well, as you have seen, they held CBPC at 0.018-0.020 ASK with a big wall by DOMS, selling any shares that anybody wanted, but letting the stock go at end of month.
6 days at that level, with a conversion PPS of 0.014-0.016 and now they can sell for a big profit, all the End of Month shares they will receive.
I estimate they still have around $1.5 Million in CD's, and still 15 months to go, at a rate of $100K per month plus interests.
$100K equal to (+/-) 7 million conversion shares for the CD holder, that they can sell for a big profit, since they got them today at $0.014-$0.016 (75% of 6 EOD's average).
I knew (thought) this was going to happen and the CD holder would let the beast breathe, so I've bought over 500K shares at these low 0.018-0.019 levels, during several days, and now I am flipping my shares, at the 0.03x level.
All we can do is buy near the conversion level and then flip shares and keep some freebies.
Until some huge news hit the wires or until the CD holder fills a FORM-4 telling he converted all the CD's, I'm afraid this stock will be in the CD holders' hands.
Just like they did at the 0.03 level and then covered shorts and dumped at 0.04+ (they dumped some on my, but this time I've seen them comin' LOL; ..."If you loose the money, don't loose the lesson!")
They are greedy and they want to convert low and sell high, so, as "Deep Throat" said:
"follow the money" ... and that is just what I'm doing right now, buying as low as possible and flipping with DOMS and the other MM's (NITE, SBSH,...) mainly.
Yesterday and today it was a BUY BUY BUY in CBPC, to flip at the 0.03'ish with the CD holders.
They have been holding the stock for 6 days at the low levels and now will be paid in stock at end of month, they will cover all their short positions and they will sell the rest.
... over and over again, until some substance news comes.
IMHO
GLTY
AI
