Trading Summary - July 13. Ask at .0002 at the
Post# of 1674
Posted On: 07/13/2016 4:08:18 PM
Trading Summary - July 13.
Ask at .0002 at the open was 195M then increased to 300M by the one-tick flippers. Just a few clueless individuals are responsible for this difference
2M slap on the ask at .0002.
8.6M in miscellaneous small sells by inpatient losers.
Only 1M of that 8.6M was put on the ask by a 1-tick flipper.
Peak bid 184M at .0001.
Bid has been increased by 44M after it was confirmed in a Form 13G/A filed today that convertible debt selling by Hoppel had been completed - he is now holding zero shares.
Convertible debt selling MMs CFGN, VFIN and VNDM all remained at .0010 for the 7th day in a row.
No convertible debt selling for 7 business days in a row.
Ask in GTCs at close was 196M (down 2M).
I still expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017 if revenue in the $Ms is confirmed at year end as expected.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
Ask at .0002 at the open was 195M then increased to 300M by the one-tick flippers. Just a few clueless individuals are responsible for this difference
2M slap on the ask at .0002.
8.6M in miscellaneous small sells by inpatient losers.
Only 1M of that 8.6M was put on the ask by a 1-tick flipper.
Peak bid 184M at .0001.
Bid has been increased by 44M after it was confirmed in a Form 13G/A filed today that convertible debt selling by Hoppel had been completed - he is now holding zero shares.
Convertible debt selling MMs CFGN, VFIN and VNDM all remained at .0010 for the 7th day in a row.
No convertible debt selling for 7 business days in a row.
Ask in GTCs at close was 196M (down 2M).
I still expect more people to start to hit the ask at .0002 the nearer it gets to San Diego Comic Con - people won't want to be left without relatively cheap shares and the difference in paying .0001, .0002 or even .0005 is irrelevant to those that see REDG going to .01+ again eventually nearer the end of the year or in 2017 if revenue in the $Ms is confirmed at year end as expected.
50M shares bought at .0002 (cost basis $10K) would yield the following gains:
at .0020: $90K
at .0050: $240K
at .01: $490K
at .02: $990K
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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.
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