He did state in the other place that he was hoping
Post# of 1674
Posted On: 09/27/2016 11:27:01 AM
He did state in the other place that he was hoping to get out even and we know he had 40M at .0001 - and hopefully a few of the other usual suspects may sell as well. That is a good thing as it will reduce the stacked ask at .0002 by those looking for just a one-tick flip. When all but one MM was at .0002 or higher, the ask was insignificant compared to the amount loaded at .0001.
It is far more likely that this will move up by those who have loaded it buying the .0002s at some point and setting off a "bottom up" run - as we have seen before on $REDG and happens to at least .0001 stock a week now - than it is in reaction to anything the company does for a while.
It is clear from the puerile comments at the other place that the people posting over there have completely failed to spot the huge amount of loading that has been going on by buying on the ask - just as they failed to spot it for several months in 2015 through April 2016.
Not getting the financials up to date is not a bad thing either as I believe it means they cannot do a reverse split - not that they need to do one anyway with the O/S being able to grow by almost 50% within the existing A/S.
It's just a matter of watching continuously and being ready to react to developments.
It is far more likely that this will move up by those who have loaded it buying the .0002s at some point and setting off a "bottom up" run - as we have seen before on $REDG and happens to at least .0001 stock a week now - than it is in reaction to anything the company does for a while.
It is clear from the puerile comments at the other place that the people posting over there have completely failed to spot the huge amount of loading that has been going on by buying on the ask - just as they failed to spot it for several months in 2015 through April 2016.
Not getting the financials up to date is not a bad thing either as I believe it means they cannot do a reverse split - not that they need to do one anyway with the O/S being able to grow by almost 50% within the existing A/S.
It's just a matter of watching continuously and being ready to react to developments.
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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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