I agree. 125M out of 400M converted already is the figure I've recorded and the trades to non-retail / long-term investor MMs and other hidden AON bids should allow most if not all the latest note to be done on the bid at .0003 or the ask at .0004 once people realize the .0004s will be gone in a few slaps once any revenue confirmation is given.
I also agree with the estimate of at least 100M on the bid at .0002. The last time there were 2 x MMs at .0002 there was 48M + 10M (58M total) with another 5 x MMs in the game to yet move down and increase the total further. Then there would be the hidden AON orders from retail + the non-retail MMs.
I know what I have within that bid at .0002 - not because I need it but just to continue my strategy of denying as many shares as possible to low level flippers and the small handful of "soft bashers" that don't understand the company revenue prospects and who just want to average down and get out in the .0008 > .0020 range. They are not significant players in holdings but they are nevertheless a constant annoyance.
All my bids at .0003 from May 3 to May 17 have filled now but I might add more as for me any buys at .0003 in my long-term stash being held to at least .01+ - however long that takes - equates to an overall cost basis of .0002 due to my .0001s.
The more convertible debt selling we get done - at .0003 or .0004 - the easier it is to validate my theory about the weekly / monthly / quarterly quota - I believe they are happy with 100M per 5 trading days.
In any event, at this rate, the convertible debt selling should be over a full month before San Diego Comic Con and the PR and social media push beforehand.
$,$$$,$$$ REDG $,$$$,$$$
I also agree with the estimate of at least 100M on the bid at .0002. The last time there were 2 x MMs at .0002 there was 48M + 10M (58M total) with another 5 x MMs in the game to yet move down and increase the total further. Then there would be the hidden AON orders from retail + the non-retail MMs.
I know what I have within that bid at .0002 - not because I need it but just to continue my strategy of denying as many shares as possible to low level flippers and the small handful of "soft bashers" that don't understand the company revenue prospects and who just want to average down and get out in the .0008 > .0020 range. They are not significant players in holdings but they are nevertheless a constant annoyance.
All my bids at .0003 from May 3 to May 17 have filled now but I might add more as for me any buys at .0003 in my long-term stash being held to at least .01+ - however long that takes - equates to an overall cost basis of .0002 due to my .0001s.
The more convertible debt selling we get done - at .0003 or .0004 - the easier it is to validate my theory about the weekly / monthly / quarterly quota - I believe they are happy with 100M per 5 trading days.
In any event, at this rate, the convertible debt selling should be over a full month before San Diego Comic Con and the PR and social media push beforehand.
$,$$$,$$$ REDG $,$$$,$$$
Red Giant Entertainment Inc. (REDG) Stock Research Links
"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.
