16.8M buy VS 0.5M sell Read this, new comer.
This is what happened today. And the volume crowded at opening and closing which is typical pattern when traders try to accumulate.
I thought this explains well why some early birds here going crazy for multibagger with sshs. Some asked below question, here is my answer.
Question: i am new 2 this stock/board and might buy shares....can you explain this like you are explaining to a 5 yr old???? your saying the situation surrounding sshs was the same as the situation surrounding pcli that jumped 40x.....I dont understand the gelmon/Nir group issue here....
Answer:
NIR group is the hedge fund. They get investments from small group of rich people and trade stocks to make profits. The bad part of what NIR did was, they lend cash to many penny stock companies in trouble seeking for cash, get discounted stock shares in exchange of cahs. It's called PIPE and the shares the companies sell to funding resource such as NIR Group is called Convertible Debenture, in short, CD.
Because the funding resource gets the shares in discounted(usually 30%~50% discounted of market price in average of 1 week), they usually sell immediately to the market on any price because it's all profits as long as they can sell on their buying price.
Now the price will drop because they sell. It's been NIR Group killed this stock to this far with such small shares. Now this is about to change. NIR Group faces multiple court dispositions. Ribotsky is CEO of NIR Group. IF they get guilty of their charges, their clients will pull their investments, then NIR Group can't lend cash to penny stock companies anymore. Then the companies will seek another funding resource.
Here's the funny part.
The current president, Michael Gelmon and CFO, Corey Gelmon of SSHS are believed to be associated with SSHS having such board member titles after they're assigned to the companies by NIR Group. NIR Group is very influential to those penny stock companies who got cash from them. They even change president, CEO, CFO of the companies. Gelmon brothers are assigned to nearly 40 penny stock companies as presidents and CEO. The reason why PCLI spiked to 40 baggers were because he stepped out from CEO. What this means is, the stock ran up because the company is no longer seeking 'toxic' funding from NIR Group.
So any funding resource other than NIR Group is better. NIR is in lawsuit, some of penny stock companies complained, NIR even shorted their stocks, not just doing CD conversion to sell shares. They sell shares to make money with discounted shares and also shorted stocks to make money. Sound funny? That's what these crooks have been doing and now SEC is rushing to put Ribotsky and Gelmon brothers to jail to end the mess.
Recently, Michael Lagow, CEO(this guy is the real business man who founded SSHS, unfortunately went death spiral with NIR when he needed cash to operate) announced, SSHS found new funding resource, Merdian Working Capital. MWC has very restrict applicant requirements. They don't lend cash unless the company has written contract paper for future revenue to show the proof if the money will be returned. SSHS received $1.5M funding from MWC.
To note, PCLI ran up a week before 8-k was filed Michael gelmon stepped out from CEO title. So, the volume you see now nearly 600M accumulation for 2 months tell you what's gonna happen sooner.
