Trading Update - May 17. Looks like the convert
Post# of 1674
Posted On: 05/17/2016 12:00:58 PM
Trading Update - May 17.
Looks like the convertible debt sellers are behaving in a responsible manner again and being patient selling against either a daily or weekly quota.
When people don't take the hint and hit the ask on any particular day, they sell reasonable size chunks into the bid - wait for it to get topped up - and repeat - without wiping it out.
So far I believe they have managed to sell 9M + 3M + 3.2M + 3M + 3M = 21M - about the same as yesterday.
Also, the single seller that had 27.8M via CDEL on the ask at .0005 cancelled 13M this morning.
Once the latest round of convertible debt selling is over, I expect the new interest harnessed in recent days - 1000+ views here yesterday - will start scaling in or adding on the ask.
Also, when we get any hint of the size of revenue from early sales of ZWAG Box, the Markiplier mini-series in comic shops and on-line, or the POW Folio advertising revenue, we should see a surge.
$REDG
Looks like the convertible debt sellers are behaving in a responsible manner again and being patient selling against either a daily or weekly quota.
When people don't take the hint and hit the ask on any particular day, they sell reasonable size chunks into the bid - wait for it to get topped up - and repeat - without wiping it out.
So far I believe they have managed to sell 9M + 3M + 3.2M + 3M + 3M = 21M - about the same as yesterday.
Also, the single seller that had 27.8M via CDEL on the ask at .0005 cancelled 13M this morning.
Once the latest round of convertible debt selling is over, I expect the new interest harnessed in recent days - 1000+ views here yesterday - will start scaling in or adding on the ask.
Also, when we get any hint of the size of revenue from early sales of ZWAG Box, the Markiplier mini-series in comic shops and on-line, or the POW Folio advertising revenue, we should see a surge.
$REDG
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(0)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.
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