All the ultra-longs have the chance to increase th
Post# of 1674
The ask might be in the .0003 and .0004 range for up to a month until the PR effort prior to San Diego Comic Con spins up.
However, to the upside, at least half the 35M at .0004 is being put up on a daily basis by flippers who will try to get more on a good news - that is sales or revenue update - day. So that could disappear very quickly with any new interest from those waiting on the sidelines if the ask is under 20M and people start slapping for 5M at a time - as happened during the relative rapid ascent from .0002 > .0007.
2 weeks from now the 400M convertible debt selling should be done at current rates.
Going forward, it will be interesting to see how many people out bid at .0003 to not be in the .0002 queue.
Also, if anyone gets .0002s, how many will go to ultra-longs and how many go to 1-tick flippers. The first 35M at least should got to ultra-longs who have had anti-flipper denial bids in since mid-May.
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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.