As I have already stated consistently in various p
Post# of 1674
Posted On: 07/11/2016 11:29:21 PM
Re: coopaloop21 #730
As I have already stated consistently in various posts going back months, I expect $REDG to have revenues in the multiple $Ms before the end of 2016.
In the short term (few weeks) to medium term (few months) - unless we see a formal statement regarding revenue - it is more likely that the people with deep pockets who loaded 1.505 Billion shares at .0001 - by topping up the bid and hitting the ask without hesitation - did it for a reason and may set off a run themselves. The bulk of the .0002 ask has been put up by the usual suspects who are known to be 1-tick flippers for peanuts and they can easily be swept away by a handful of 10M>25M buying chunks provided the convertible debt sellers stay away (they have all been up at .0010 for 4 days now).
As always, people should be ready for anything to happen at any time. If / when a move happens, it may happen very quickly just like the last time when it was .0001 x .0002 and the .0002s were gone in a matter of minutes. The people currently bidding 140M at .0001 will hit the .0002s instead the moment they see about 50M go through and only a few will be successful in getting any - just like last time when one person got most of the .0002s available.
In the short term (few weeks) to medium term (few months) - unless we see a formal statement regarding revenue - it is more likely that the people with deep pockets who loaded 1.505 Billion shares at .0001 - by topping up the bid and hitting the ask without hesitation - did it for a reason and may set off a run themselves. The bulk of the .0002 ask has been put up by the usual suspects who are known to be 1-tick flippers for peanuts and they can easily be swept away by a handful of 10M>25M buying chunks provided the convertible debt sellers stay away (they have all been up at .0010 for 4 days now).
As always, people should be ready for anything to happen at any time. If / when a move happens, it may happen very quickly just like the last time when it was .0001 x .0002 and the .0002s were gone in a matter of minutes. The people currently bidding 140M at .0001 will hit the .0002s instead the moment they see about 50M go through and only a few will be successful in getting any - just like last time when one person got most of the .0002s available.
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"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.