Good Morning. IMHO you need to read your own prior posts.
First, you state that pps will go to .01 easily per the chart. But at the time you purchased, the chart showed the end of a quick profit 3 day run from momo. At .0023, the technicals showed a top as seen monday morning when smart traders started bailing out after a quick 100% gain. You stated that MM's don't want pps to go above .0023+. It wasn't the MM's, it was retail traders working the system.
After you bought at the top of a quick profit run, you start posting that the MM's do not want pps to go below .001. Now, you are saying it looks like MM's are trying to drive pps down to .0008 and below?
FACTS:
1.) A NOBO list is not ordered unless there is a large discrepancy between the real share count total and the short/naked short position overage.
2.) As I have stated to you prior, the pps ran to .0022+- and then came down based on retail traders following the norm of pinks/otc stocks. Which is, utilize momo and short term chart technicals which showed at .0022 the 3 day run was over and monday the selling began by the smart traders which then created the downturn to where pps is now.
If you use your #s, there is over 400M shares shorted which do not include the naked short position, which IMHO is where the real excess abuse is. After the F/S, 2B shares were authorized. After the F/S per your #s 2.4B shares have been traded.
QBIT did not order the NOBO list and create a preferred share offering for no reason. IMHO, they are hoping to convert common shares to preferred and release NOBO list in tandem. A buyback of common shares would have been better, but possibly co. was not in position to do so. The authorized share count after the F/S is 2B. If 2.4B have been traded since then per your #s, 400M+ shares are shorted. A NOBO list clarifies exactly the real #s and why Co. has ordered it. Many times, the naked short position is not known in full until shown by the actual #s.
Restricted shares released as non restricted must meet SEC criteria depending on % owned. A larger ownership than 5% must hold restricted shares for up to 12 months prior to selling. Did Mike specifically tell you what % of add. common shares converted were orig. restricted?
The minor additional amount of common shares is normal while a pps is upturning. It gives the company cash and still keeps total O/S below total A/S count. A company to release a preferred share offering does not do so if its just diluting needlessly.
The MM shorts are playing with weak hands to keep the pps down. This has been verified by myself and other larger shareholders who have offered shares at below ask prices to test. Most recent was Friday morning when I personally offerred shares at .001 when ask was at .0011. The buy orders I received were at 10K and 5K share amounts, which is only $10 and $5. Complete MM bullshit to try and keep pps down to accumulate shares prior to NOBO release.
400M shares short + naked shorts + additional is over 20% of the total A/S count. This alone will drive pps IF shareholders can hold strong and force shorts to pay more and more.
You are very correct on one thing though and that is GBDX. With opening of office in NY and revenue estimates, plus strong Russian connections of cutters and exporters, the pps is going to run large. The new change in Russian law of quota % of rough cut diamonds is why WWCD merged with GBDX in the first place. Heck, even the TA is Russian. Best of luck to you!!!!
GLTY. Hope your Saturday is splendid. Beautiful early morning in California. Time for a run.
Best Regards
Not a buy or sell recommendation. My opinion only.
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