This is a very bad level to be at in the pinks. 2/3 is such a high percentage flip, that the 2s arent even a good buy, since you may wait a very long time behind whats already heavily loaded in minutes, at 3. So even though a 50% level, that fast of an ask stack, at those numbers, will put everyone stacked on there and will hit league minimum .0001 before getting out of the 3s again.
This one is over. A 2/3 level and with so many shares, as you can already see how long the line if forming for everyone trying a 50% flip. This is where the 5 Billion A/S, 3 Billion O/S completely takes the 2 and 1 level out of play. Typical Pinksheets at 2/3 level is bad enough. ELAYs causing 3 Billion in one jump, makes Elay's 2/3 one of the worst case scenarios. The SEC should get its share of complaints and ELAY will get the fate it deserves. With experience, you didnt want to see this level. Because now its going to show, without a doubt, how and why 5 Billion share pennies, follow different rules. 3 Billion to me, is a cutoff, to avoid. 5 Billion, and the risk was greater, than any chance of really getting rewarded. Its all in the numbers. Knowing this, the 2 bids arent even stacked up.
There were warnings. Lots of them. So much money could have been avoided in losses. Everyone in retail could have all the 3s they can handle. Its the thing ELAY did that should warn everyone to not get trapped at the 2/3 level, risking you may never get out. Their single biggest mistake was so many shares, so fast, and not for business. The S1 filed 6 weeks ago, was telling you how they just screwed their own chances of any run happening, and how clear that one event, took away 1 and 2 even being attractive. Its too many shares. And they have tons left to dump.
AI
