I disagree with some of your points in this post.
Flippers did not create what happen yesterday. TALK did with the many delays and mishaps.
Traders have been on edge for a very long time waiting for fins, and then they get an 8K telling them that there are revenue miscalculations, many lawsuits, a Q that needs to be resubmitted, disregard financials that were submitted, and no time line for the 8K as it will be longer! That is a lot and a lot of traders were finally pushed over the edge with this 8K and sold out. This was not panic. This was traders understanding an 8K and dumping out. Flippers cannot create a 100 million volume sell off.
The traders that posited that it will see .0004 didn't cause this. More than one trader mention 0004 because it had already broken a key level of resistance. Which was the 200 day MA at .0012, and a key support line at .001. Once it broke those supports, the next support was .0006 and .0004. In which when looking at a chart it is easly recognizable.
No flipper caused this to drop by posting .0004. It drop because nearly 40 mill was already dumped with in 15 minutes of the open. People were already ready to sell. And 0009 should not have held because it wasn't support.... .001 was support. So when it hit 0009 it was already breaking down with the amount of volume it was taking at that point.
The people that said they don't see Fins coming until weeks or months later didn't cause this neither. Just look at what the last 8K and last PR said....
Yesterday's 8K said... In light of the legal actions described in this Item 8.01 and in Item 4.02 above, the completion of any of the Company’s outstanding SEC filings has been delayed pending consultation with the Company’s professionals to determine the status of each of these matters in order to provide adequate disclosure in future filings. As of the date of this current report on Form 8-K, the Company cannot provide a timeline for the completion of these filings.
The last PR on 6/8 said...Our audit process for the 8-K and 10-Q will take a bit longer than expected
So looking at those two quotes... was those people right or wrong in sayings it will take maybe weeks or months before fins?
People should be upset and they should pressure Levy for explanation. People should be upset because week after week they are looking at the pre-market and post-market like.... "Will this be the day we get the 8K?"
Also people kept getting subliminal hints every week that "THIS IS" going to be the week we get the 8K.... but then once the weeks were over.... No 8K comes. And so, people were posting... week after week.... "OH this will be week!" "OH, I wonder will we get the 8K after the market!" "OH it's coming soon!" "OH, I hope this is the week!" And so on and so on.... So, people had enough when they seen yesterday's 8K because they had high hopes that the 8K would have already been here by now or be here soon.
So this sell off was inevitable in light of all of this. So moving on for those that are still around....We would like to have had an conference call but got a somewhat of an explanation in an email. So I guess that will have to do.
So the thing is now....
TALK needs to amend/re-submit their Nov 2015 10Q because its missing some lawsuit notes.
TALK said to disregard the UMS fins that came out back in Febuary because it will have a decrease in revs and it was missing lawsuit info.
TALK says the UMS 8K that we are all waiting on (since the 71 days) has no time line because they need to get responses back from parties in new lawsuit to include. After they get these responses they can complete the 8K finally.
TALK says once they complete the UMS 8K, they then can complete the 1st quarter 2016 10-Q. But the 8K is on hold so that means this 2016 10-Q is on hold
Lots of people didn't like these things and were tired of waiting, so they sold out, and some people didn't... and decided to stick around.
Flippers did not create what happen yesterday. TALK did with the many delays and mishaps.
Traders have been on edge for a very long time waiting for fins, and then they get an 8K telling them that there are revenue miscalculations, many lawsuits, a Q that needs to be resubmitted, disregard financials that were submitted, and no time line for the 8K as it will be longer! That is a lot and a lot of traders were finally pushed over the edge with this 8K and sold out. This was not panic. This was traders understanding an 8K and dumping out. Flippers cannot create a 100 million volume sell off.
The traders that posited that it will see .0004 didn't cause this. More than one trader mention 0004 because it had already broken a key level of resistance. Which was the 200 day MA at .0012, and a key support line at .001. Once it broke those supports, the next support was .0006 and .0004. In which when looking at a chart it is easly recognizable.
No flipper caused this to drop by posting .0004. It drop because nearly 40 mill was already dumped with in 15 minutes of the open. People were already ready to sell. And 0009 should not have held because it wasn't support.... .001 was support. So when it hit 0009 it was already breaking down with the amount of volume it was taking at that point.
The people that said they don't see Fins coming until weeks or months later didn't cause this neither. Just look at what the last 8K and last PR said....
Yesterday's 8K said... In light of the legal actions described in this Item 8.01 and in Item 4.02 above, the completion of any of the Company’s outstanding SEC filings has been delayed pending consultation with the Company’s professionals to determine the status of each of these matters in order to provide adequate disclosure in future filings. As of the date of this current report on Form 8-K, the Company cannot provide a timeline for the completion of these filings.
The last PR on 6/8 said...Our audit process for the 8-K and 10-Q will take a bit longer than expected
So looking at those two quotes... was those people right or wrong in sayings it will take maybe weeks or months before fins?
People should be upset and they should pressure Levy for explanation. People should be upset because week after week they are looking at the pre-market and post-market like.... "Will this be the day we get the 8K?"
Also people kept getting subliminal hints every week that "THIS IS" going to be the week we get the 8K.... but then once the weeks were over.... No 8K comes. And so, people were posting... week after week.... "OH this will be week!" "OH, I wonder will we get the 8K after the market!" "OH it's coming soon!" "OH, I hope this is the week!" And so on and so on.... So, people had enough when they seen yesterday's 8K because they had high hopes that the 8K would have already been here by now or be here soon.
So this sell off was inevitable in light of all of this. So moving on for those that are still around....We would like to have had an conference call but got a somewhat of an explanation in an email. So I guess that will have to do.
So the thing is now....
TALK needs to amend/re-submit their Nov 2015 10Q because its missing some lawsuit notes.
TALK said to disregard the UMS fins that came out back in Febuary because it will have a decrease in revs and it was missing lawsuit info.
TALK says the UMS 8K that we are all waiting on (since the 71 days) has no time line because they need to get responses back from parties in new lawsuit to include. After they get these responses they can complete the 8K finally.
TALK says once they complete the UMS 8K, they then can complete the 1st quarter 2016 10-Q. But the 8K is on hold so that means this 2016 10-Q is on hold
Lots of people didn't like these things and were tired of waiting, so they sold out, and some people didn't... and decided to stick around.
4
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