this is COTE current level 2 screen https:/
Post# of 3601
VFIN and VNDM are market makers when you se them on the ask they are usually diluting.
they also do not often disclose the amount of shares they have.
so - they could be showing 10k on the ask but might be selling 10 million.
it sucks. and this is how it usually is 90% of the time with COTE(and a lot of pink sheet companies. )
until you see them come off the ask stock wont move much. they came off the ask for a few days and that is when we got the upward lift.
I know George said he isnt doing any more of them. But he is probably still working through past conversions. typically the converters can convert there shares 6 months after giving GC the loan. GC has a chance to pay them off beforehand to stop the diluting but it never happens- so they convert the shares and just start selling them.
then HULK(who works for the diluters) starts bashing also so the converters can covert at the lowest price.
if there was never any toxic loans we would be upwards of a dime a share even without any news. the toxic loans are the death spiral. unfortunately most pink sheet companies cant afford any other type of financing.
we are on the wrong side of the real money. until GC can get real financing for production we are going to have a wall over our head as far as stock price.
http://upperdivisioninvesting.com/level-2-tip...et-makers/