$PDXP Very good read from a PDXP Shareholder: Fro
Post# of 1147
From - @analyze4dollars
Pdx Partners, Inc. ( (PDXP)0.0045 ◊ 0.0 (0.00%)Volume: 0 @- ET
BidAskDay's Range0.0040.0052- - -PDXP Detailed Quote1D1M2M3M6M1Y2Y3Y5Y
Sure Trader - Start Trading Stocks & Options with only $500
PDX Partners, Inc. Further Enhances Net Stock Holder Equity InvestorsHub NewsWire - 10/30/2017 9:10:22 AM
SOG Sunday, 02/25/18 12:16:15 PMRe: Porteño post# 342570Post # of 34415
$PDXP is scheduled to resume trading on the Grey Market on 5 March. As such, many questions have been asked of me about the differences in a grey market vs a pink market.
A Grey Market consists of no market makers, no bid, no ask, no manipulation and exact matched orders for both share lot and price. Extremely volatile and erratic trading is commonplace and only time & sales is available to show you the last transactions. All orders will be executed with limit orders, which means no market orders are available. The largest volume is likely within the first 1-3 days then volume commonly dies.
You can expect very volatile trading with extreme fluctuation in prices both low & high with the overall theme for the first day being red. However, the exact same share structure conditions are present now that were present pre-suspension which gave us our low volume prior to the suspension. Since we had low volume and near float lock like conditions with extensive manipulation in the days immediately before the suspension, all shorts will be required to cover & now it will be much harder for them to do so on greys. A common misconception is that covers will force the price up in all cases. This is not the case if shares become immediately available through retail selling, then covers happen at a discount and shorts win big. THIS IS THEIR GOAL…Everyone is blind meaning manipulative practices will grind to a halt. These are some of the positives associated with the grey market.
In some unique cases, stocks heavily manipulated thrive on the grey market due to the lack of manipulation. BIT*CF is an example of a stock that was relegated to the grey market in August 2017. The first day on resumption of trading it opened at .40 cents, low of day was .0018, high of day was .95 and it closed at .58. The close before suspension was $1.79. From 8 September to 18 December, it proceeded to run from the low of .0018 to $2.05.
A sharp drop is expected but staying in trips for long isn’t likely if at all since about 250-300 mil are held by people that aren’t going to sell the large majority of their shares and those same people will be adding large on any hard dips. By buying on any hard dips you directly compete against any retail or MM’s short in a grey market. They are powerless now and can only see the same things we see as retail. Any buys on the part of retail (YOU) directly decreases their ability to cover at a low price and decreases likelihood of a big win for them. Not to mention decreasing your average price, reducing your loss and giving you the potential to turn a loss into a win. Remember the drops will be temporary and the fluctuations extreme so in order to scoop up those deep discounts you have to set your bids as soon as the market opens otherwise you will likely miss out on the opportunity to manage the trade effectively.
Question: How long will $PDXP stay on the grey market?
Answer: Forever until a broker submits a form 211 on behalf of PDXP. https://www.otcmarkets.com/learn/getting-traded
Not a likely scenario unless the SEC comes out with a statement completely vindicating PDXP of any wrong doing OR they release a statement noting they will not pursue any action against the company. The occurrence of that is the only way a broker would submit a 211. I’ve never been involved in the process of the submitting a 211 but I understand that it involves several round table discussions and back and forth responses are required which commonly takes between 6-8 months and more.
One thing in PDXP’s favour is that Patrick is very aggressive and will strive to get it done as quickly as possible. In addition, Patrick has followed through with EVERYTHING he has stated would happen. I don’t doubt he will aggressively pursue this in multiple ways. IMO a lawsuit against the SEC and other entities involved in the smear campaign is warranted. As I understand, he is already working on filing the 211 with the help of a ton of people and from the sounds of it NVC is going to fully support them in any way they can although that wasn’t their original intent. You can absolutely expect an update from Patrick and we’ve already seen updates from NVC since the suspension so I’m sure you can expect more from them in the near future. The best step for them would be to release the updates the day it resumes trading.
Any update of the above mentioned events or a PR could completely change the game relative to positive price change or stabilization of the price but it won’t change the occurrence of the grey market, the float lock conditions or the fact myself and others will be buying large on the drops to manage the trade.
PDX Partners Inc (PDXP) Stock Research Links
Join Webull today and get up to 75 #FREE stocks!
Get started >> Register with my referral link now>> JOIN HERE NOW
CLICK TO SEE --> Engineer, Design,& Build Packaging Equipment