I am posting it if I am at the computer when they
Post# of 4466
(Total Views: 323)
Posted On: 03/28/2018 8:04:20 AM
Re: stuntmanpatch #2565
I am posting it if I am at the computer when they come in.
Frankly it doesn't really matter to me how much is left to convert, since there are more conversions with harsh discounts taken recently since the loss of the CB arrangement. The only way these conversions and future conversions will not continue the downtrend is if there is substantive news. That's the only thing that matters here at the moment, financing. Even if the conversions dry up, the future discounts will be at 40-45% and beat it up again.
We need real buying pressure and volume to move the price up significantly, that will be the only thing that reduces the number of the shares that convert, which is the only way they can get absorbed. We are talking about the difference of 50mil shares for $150k or 10mil to less. Even if the current conversions stop this week, we still need the buying pressure, lots of bid sitters have got their fill in recent days including myself, people need new reasons to buy instead of sit, that's all that matters to me.
Frankly it doesn't really matter to me how much is left to convert, since there are more conversions with harsh discounts taken recently since the loss of the CB arrangement. The only way these conversions and future conversions will not continue the downtrend is if there is substantive news. That's the only thing that matters here at the moment, financing. Even if the conversions dry up, the future discounts will be at 40-45% and beat it up again.
We need real buying pressure and volume to move the price up significantly, that will be the only thing that reduces the number of the shares that convert, which is the only way they can get absorbed. We are talking about the difference of 50mil shares for $150k or 10mil to less. Even if the current conversions stop this week, we still need the buying pressure, lots of bid sitters have got their fill in recent days including myself, people need new reasons to buy instead of sit, that's all that matters to me.
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