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PENNIEStoSTACKS

06/07/17 9:47 AM

#54410 RE: Doughboy24k #54397

The sell the news crowd, once they're done, upward movement should commence again.

shotsky

06/07/17 10:16 AM

#54482 RE: Doughboy24k #54397

The selling is most likely coming from the 5.4B conversions. Almost unlimited shares to dump on the market. The lenders are making a huge profit on those.
Some of those conversions can be seen here:
BVTK Conversions for 2014, 2015, 2016
One example:
On February 17, 2016, the Company issued 66,790,353 shares of common stock to Adar Bays, LLC ("Adar Bays") in partial satisfaction of its obligations under, and the holder's election to convert a $3,600 long-term portion of, the Company's convertible promissory note issued to Adar Bays on December 19, 2014
3600/66,790,353=$.0000539 per share.
Those shares are now worth .0016 each. 0.0016/.0000539=29, or 2900% increase.
That's what happens when you don't pay your bills, and that is a perfect example of 'toxic debt'. Those shares all have to flow out to the market to us 'traders'.