Numerous comments elsewhere by people who also spo
Post# of 1221
Posted On: 01/31/2016 3:48:29 PM
Numerous comments elsewhere by people who also spotted the total lack of convertible debt selling throughout Friday. Some theorize that the selling is complete or that $5M funding is in place and that any convertible debt can be bought out by AHIX.
Also, as I suspected, a few have admitted to being bag holders at a much higher level such as .0050. I only started watching AHIX when it got down to the .0011>.0016 range so I don't have a feel for who has what where above .0020.
I think if the convertible debt sellers (MMs VNDM and/or VFIN) are not in evidence again below .0020 at the open on Monday, we will see some buying from those that need to average down with perhaps only 3M>9M available on the ask at each .0001 level from .0009 > .0014 (from my close observations all last week of the volume picked up at each level).
When there is a PR confirming either the $5M financing or progress on acquisition of the biometrics company, then we might get a break above .0020 towards .0050 on relatively thin volume.
Also, as I suspected, a few have admitted to being bag holders at a much higher level such as .0050. I only started watching AHIX when it got down to the .0011>.0016 range so I don't have a feel for who has what where above .0020.
I think if the convertible debt sellers (MMs VNDM and/or VFIN) are not in evidence again below .0020 at the open on Monday, we will see some buying from those that need to average down with perhaps only 3M>9M available on the ask at each .0001 level from .0009 > .0014 (from my close observations all last week of the volume picked up at each level).
When there is a PR confirming either the $5M financing or progress on acquisition of the biometrics company, then we might get a break above .0020 towards .0050 on relatively thin volume.
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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.