I'm sticking to the premise that yesterdays dump was an interst payment on the $58,500 note that matured on Sept 5. The other notes didnt hit maturity until today so I dont expect to see bid trashing until next week, that is assuming the bid is real. In watching L2 today is appears there are about 23 million on the bid that are, shall we say, not going to fill.
I will keeping an eye on the bid to see if those pull out suddenly followed by a dump to whatever is left over. I expect it, dont really know for 100% that its coming this week, but I think its coming in the very near future and I also think we may be headed to no bid. The promo teams were in again and trying to drum up the bid. Didnt see to have any effect. Watch out for a trap play were the ask suddenly starts getting slapped for no reason to get folks to jump the bid and then the dump will clean out their cash because of the huge discounts Quirk has given the note holders. There are even notes with 555 discount to the closing bid which means the shares are being acquired at .000045 and anyone on the bid at 0001 is going to allow that note holder to double up and add a bag of chips to go with it.
Nothing is safe here at FPFI. if you see 0002 getting slapped, sort of like we saw today, dont jump because if you get on the bid at one you will get cleaned out and there will be no recovery based on the track record of the CEO here over the past 2 years. This is the 3rd time he has driven this stock to 0001 because of toxic debt and dilution. last 2 trips down here were followed with reverse splits.
Be careful here and is you are in we all wish you the best of luck.
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