I agree that .01 is a perfectly reasonable expectation in the medium term - higher thereafter.
Outstanding convertible debt is being handled in a measured manner through weekly, monthly or quarterly quotas - my best guess is 100M per 5 days - and the $REDG share structure is not unusual in the OTC market below .01.
At least 113M of the latest 400M note have been converted already yet shares are still difficult to get on the bid at .0003. Half that number did not go to normal retail and the majority of the rest were filling orders place in the first few weeks of May. Almost none of the shares picked up at .0003 have been put up to flip as ultra-longs secured the majority to deny them to 1 to 5-tick flippers - the "soft bashers" who try to reload as low as possible.
On the initial run up from .0002 > .0008, it was upticking on 50M > 100M per .0001 despite the many 100Ms bought at .0001. Smart traders knew the value of keeping any .0001s>.0004s they got for the eventual surge on significant revenue confirmation - whether the peak of that initial surge be .0020, .0050, .01 or .02.
$,$$$,$$$ REDG $,$$$,$$$
Outstanding convertible debt is being handled in a measured manner through weekly, monthly or quarterly quotas - my best guess is 100M per 5 days - and the $REDG share structure is not unusual in the OTC market below .01.
At least 113M of the latest 400M note have been converted already yet shares are still difficult to get on the bid at .0003. Half that number did not go to normal retail and the majority of the rest were filling orders place in the first few weeks of May. Almost none of the shares picked up at .0003 have been put up to flip as ultra-longs secured the majority to deny them to 1 to 5-tick flippers - the "soft bashers" who try to reload as low as possible.
On the initial run up from .0002 > .0008, it was upticking on 50M > 100M per .0001 despite the many 100Ms bought at .0001. Smart traders knew the value of keeping any .0001s>.0004s they got for the eventual surge on significant revenue confirmation - whether the peak of that initial surge be .0020, .0050, .01 or .02.
$,$$$,$$$ 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.
