Trading update - January 13. Those that have b
Post# of 5410
Posted On: 01/13/2016 2:47:43 PM
Trading update - January 13.
Those that have been following CRTC for a long time will know that Peachtree had a note for 100M shares which was issued at the same time as 181M shares were retired to the treasury - a net reduction - not dilution.
Throughout 4Q 2015, it looked like Peachtree was selling in a manner considerate to shareholders in that they would put a small amount on the ask (<5M) and, if it was not bought in 2-3 days, dump into any available bid - even if only 1M>2M. In addition, trades sometimes go through at the bid price without the bid counting down.
It appears that this started again yesterday - about 5M went through on the ask at .0005 - because it wasn't taken at .0007 earlier - and there was an 11M trade at the close.
Today the major activity was 17M (broken up) at 13:41 at .0003 and what might have been a mirror trade of 17.2M at 13:43.
I believe that Peachtree may have sold 47M>64M / 100M in the last 2 days (depending on the mirror trade).
I do not believe 34M was picked up by normal retail bidders at .0003.
None of this activity changes my view on CRTC going forward as developments are announced in due course. I think if someone tried to buy 10M at .0006 right now (not suggesting this), they probably wouldn't get it.
CRTC should remain thin to the upside and there are continual catalysts throughout 2016.
The rate of progress will depend on how many 1>3-tick flippers were created today although I suspect only longs were bidding.
Those that have been following CRTC for a long time will know that Peachtree had a note for 100M shares which was issued at the same time as 181M shares were retired to the treasury - a net reduction - not dilution.
Throughout 4Q 2015, it looked like Peachtree was selling in a manner considerate to shareholders in that they would put a small amount on the ask (<5M) and, if it was not bought in 2-3 days, dump into any available bid - even if only 1M>2M. In addition, trades sometimes go through at the bid price without the bid counting down.
It appears that this started again yesterday - about 5M went through on the ask at .0005 - because it wasn't taken at .0007 earlier - and there was an 11M trade at the close.
Today the major activity was 17M (broken up) at 13:41 at .0003 and what might have been a mirror trade of 17.2M at 13:43.
I believe that Peachtree may have sold 47M>64M / 100M in the last 2 days (depending on the mirror trade).
I do not believe 34M was picked up by normal retail bidders at .0003.
None of this activity changes my view on CRTC going forward as developments are announced in due course. I think if someone tried to buy 10M at .0006 right now (not suggesting this), they probably wouldn't get it.
CRTC should remain thin to the upside and there are continual catalysts throughout 2016.
The rate of progress will depend on how many 1>3-tick flippers were created today although I suspect only longs were bidding.
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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.