Possible control of the $REDG float by those other than low level 1 to 5-tick flippers.
We have now seen 2.889B loaded on the ask at .0001 since July 1. In my opinion, It is likely that institutional investors / a group planning to run it bought the majority of the 1.505B+ shares traded on the extremely high volume day (July 1) and most since.
We have already seen - consistently over 7 weeks - that almost none of those shares have been put on the ask for a 1-tick flip at .0002.
In addition, several longs - that I either communicate with daily or who have openly stated their position on social media - easily account for another 1B shares that they are not looking for just a few ticks on and are not looking to get out even at their break even pps in the higher .000xs.
Accordingly, within a few days, over 50% of the 8B O/S - over 4B - may be in the hands of people who would be unlikely to ruin a run up in the .000xs. In addition, there were other .0001s picked up on the bid for a few days before July 1. I'm not even counting those. So, $REDG will be no more difficult to run up by any group so inclined as VPOR was with an O/S of around 4B.
See my sticky above for how easily VPOR was made to run up - and that was a company with no news, no products, and assumed to be non-operational.
On the other hand, $REDG is a real company with revenue - the size of which is yet to be confirmed - from ZWAG Box, POW Folio networked advertising and linked sales, Markiplier comics (exclusive, regular and seller incentive editions) and Markiplier posters.
Even if you're not in it at present, keep it on your scanner for the .0002s to start going at any point in the days > months ahead.
Another "presumed dead" .0001 ask stock - with nothing known about it's ongoing operation until a few days ago - is already up to .0004 by stealth and starting to get an interest. I will track it's performance as another example if it also breaks out successfully in the days and weeks ahead - perhaps as soon as tomorrow onwards.
We have now seen 2.889B loaded on the ask at .0001 since July 1. In my opinion, It is likely that institutional investors / a group planning to run it bought the majority of the 1.505B+ shares traded on the extremely high volume day (July 1) and most since.
We have already seen - consistently over 7 weeks - that almost none of those shares have been put on the ask for a 1-tick flip at .0002.
In addition, several longs - that I either communicate with daily or who have openly stated their position on social media - easily account for another 1B shares that they are not looking for just a few ticks on and are not looking to get out even at their break even pps in the higher .000xs.
Accordingly, within a few days, over 50% of the 8B O/S - over 4B - may be in the hands of people who would be unlikely to ruin a run up in the .000xs. In addition, there were other .0001s picked up on the bid for a few days before July 1. I'm not even counting those. So, $REDG will be no more difficult to run up by any group so inclined as VPOR was with an O/S of around 4B.
See my sticky above for how easily VPOR was made to run up - and that was a company with no news, no products, and assumed to be non-operational.
On the other hand, $REDG is a real company with revenue - the size of which is yet to be confirmed - from ZWAG Box, POW Folio networked advertising and linked sales, Markiplier comics (exclusive, regular and seller incentive editions) and Markiplier posters.
Even if you're not in it at present, keep it on your scanner for the .0002s to start going at any point in the days > months ahead.
Another "presumed dead" .0001 ask stock - with nothing known about it's ongoing operation until a few days ago - is already up to .0004 by stealth and starting to get an interest. I will track it's performance as another example if it also breaks out successfully in the days and weeks ahead - perhaps as soon as tomorrow onwards.
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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.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
