I own over 30 million shares, remember theres 600 million in the float and this was .0001, you never know if someone had 30,40,50+ million that they just want to profit it on and move onto a quicker runner, I do recall you had 30 million something. the problem here is bid support, MYEC has had zero bid support since April, its MYECs achiles heel, its a problem all of OTC has, to have a secure bid support we'd need 20 million on 44,43, and 42 combined or more, ive been in stocks where I had similar holdings here (TDE*) and when it ran I was ready to run for the hills and I remember there was a 26 million bid there and the board went wild, unfortunately I had to AON it and everyone screamed rampant dilution, fact is its just retail profit taking, we were just at .002 and moved to .007 a 250% gain, someone who bought $15,000 worth of shares at .002 now needs a buyer for $37,500 for the same amount of shares he held from just a couple weeks ago, that's 2.5 new buyers per seller and with no news (yet) its simply too much for any stock to maintain, if F(B) went to $145 in 2 weeks wouldn't you expect a catastrophic collapse without any news? would investors be stating Zuckerburg is diluting like crazy or his GF is selling shares he gave her? (as I see some are saying Eds wife is selling or something) possibly but you have to realize the stock went up 250% on no news so profit taking will be rampant and new buyers are outnumber 2.5-1 or more. this ties into the problem I have with OTC now, the gains stocks see are fictional, MYEC just ran 250% but who really was lucky enough to buy .002 and sell .007 (or .0068, whatever we capped at) with enough shares to make a good return? probably no-one youll either get a small partial fill at your bid and/or a small slap at your ask, a majority of holders will have to slap a few asks or bid sit higher up to entice a seller at say the 3's and 4's, now they are stuck in the fictional gain, stock runs to .006 and some want to take profits so it quickly dips and then the dilution and scam statements start, look there was what $80,000 of bid whacks today, seems terrible but today in F(B) there was around 668 million dollars of bid whacks! wow talk about a scam mark must of given his buddies millions of .01 par value shares... not! demand just exceeded supply... and F(B) has bid support of billions of dollars for just a few cents less pps than if you asked slapped... so what the hell why wouldn't you slap an ask and move it up? its not like you cant get yourself out for a .01 loss per share, so it really pressures buyers to slap before others do and sellers to hold, now comparing MYEC to F(B) doesn't seem fair, that's not the point my point is MYEC currently has a microscopic demand and even a puny supply will cause unsettlement in the pps, with news we go to an enormous demand and a puny supply, this is a problem all OTCs have and why ive turned into a 1-tick flipper and a NASDAQ trader mainly now, in OTC its way too hard to get enough shares before any run to counter the risk, sure I can just gamble $1000 but say it does run 300-400% I only make $3/4,000 but if I put in $10000 and it fell I could loose easily $5/6,000 of my investment in a week, like some here may be seeing, there are just too many OTC companies out there for MYEC to get the needed to bid support to run anywhere, MYEC deserves to run but not till we get ppl putting up multi-million bids at say 44,43 and 42, a promotion on MYEC would do wonders IMHO, MYEC just needs eyes, it setting up to an amazing company, even a R/S could help, we are currently in a toxic pps level one where another push forward and it can settle and see better volatility or it could crash back down and many see terrible losses, I can ramble on for hours on how I interpret the OTC and this stock, etc. but id like to make clear that IMHO there is no dilution going on here or whatever other rumor is being spread in the board tonight, you have to sit back and think about it 1 MYEC holder can bid whack all the bids down to .003 cause its only 3-4 million and then that causes weak traders to sell aswell and you see a volume surge like we did today, not till we get 100 million in bids or the bids move to 1-2 ticks below the ask will MYEC see a run to .03+ without big news, you simply cant have an ask be .0045 and a bid .0036 you need bidders right below the sellers to keep the pps from tanking cause everyday there will be sellers and when the sellers can only get out at .0036 it doesn't look good, MYEC is strong though and ask thin we just need more eyes on us. $MYEC long, looking forward to thoughts on this guys, cheers :-)
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