Posted On: 01/08/2016 9:51:55 AM
Post# of 5413
Looks like the impatient person who has been trying to sell 10M for about a month - firstly in GTC blocks at .0004 - cancelled & raised to .0005 - cancelled and raised to .0006 - cancelled and then undercut ask at .0006 when at .0007 - has finally decided to sell by bid whacking the .0005.
Just a guess but he must be pretty close to out now.
Elsewhere, it is thought that another long who first got in on the initial move off the bottom when Critic Clothing bought the shell in early 2014 has 100M shares. If correct, I conservatively estimate that a handful of "ultra longs" [holding for a retail outlet deal] control at least 20% of the float.
Just a guess but he must be pretty close to out now.
Elsewhere, it is thought that another long who first got in on the initial move off the bottom when Critic Clothing bought the shell in early 2014 has 100M shares. If correct, I conservatively estimate that a handful of "ultra longs" [holding for a retail outlet deal] control at least 20% of the float.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
