Trading Summary - July 20.
5M hit on the ask at .0002
Trading Summary - July 20.
5M hit on the ask at .0002 in the opening seconds and a further 1M + 3M slaps later.
Initially 122M .0001 x 178M .0002.
The clueless one-tick flippers waited a full 2 minutes before putting up their day trades at .0002.
Then 191M .0001 x 277M .0002 (ask down 32M from peak of 309M yesterday).
2 x 10M and a few other miscellaneous trades at .0001 - may be MM>MM acting for institutions wanting long-term investment - none came off the bid and none was added to the ask at .0002.
In fact the bid was increased to 205M at .0001.
Total volume 29.9M.
VFIN still at .0002 - down from .0010 as of 2 days ago.
All other convertible debt sellers have remained at .0010 for 12 business days now.
Ask in GTCs at close was 90M (down 111M).
Looks like more of the few 1-tick flippers don't want to lose their shares at only .0002.
Going forward, watch for increasing numbers of fence-sitters contributing to the 200M+ bid at .0001 to hit the ask at .0002 so as not to get left out when the move happens eventually on revenue confirmation in the weeks, months and quarters ahead.
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.
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