Posted On: 07/12/2016 4:07:41 PM
Post# of 1674
Trading Summary - July 12.
Ask at .0002 at the open was 190M then increased to 300M by the one-tick flippers. Just a few clueless individuals are responsible for this difference
Peak bid 156M at .0001.
Convertible debt seller MM CFGN remained at .0010 for the 6th day in a row.
No convertible debt selling for 6 business days in a row.
Ask in GTCs at close was 198M.
1 x 5M slap on the ask - by someone who now has 171M shares - and another 700K at .0002 and a few random paint down attempts for a total volume of 6.08M.
I still expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
Ask at .0002 at the open was 190M then increased to 300M by the one-tick flippers. Just a few clueless individuals are responsible for this difference
Peak bid 156M at .0001.
Convertible debt seller MM CFGN remained at .0010 for the 6th day in a row.
No convertible debt selling for 6 business days in a row.
Ask in GTCs at close was 198M.
1 x 5M slap on the ask - by someone who now has 171M shares - and another 700K at .0002 and a few random paint down attempts for a total volume of 6.08M.
I still expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
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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.
