Trading Summary - January 16. A satisfactory st
Post# of 4419
A satisfactory status quo day for $EVSVD while most of the main traders await delivery of the replacements for their legacy shares to be delivered electronically to brokers from the Transfer Agent.
E*Trade has moved the previous holdings into a bond - the first sign that conversion preparations have begun - with legacy listings of tax lots removed from the "Accounts" section for users - top traders keep the details in run / profit forecast planning spreadsheets anyway.
iHub postings continued to show that most on that amateur forum still clueless as to how a reverse split is handled by brokers, how to trade through one successfully, or how to interpret Level 2 details correctly.
Additional new bidders came in it at higher levels up to .6650.
See the earlier post regarding the attempt by MM OTCX to dupe new holders of new shares bought below .6650 to sell for a profit under his fake ask at .6650. When I slapped his ask for 1500 shares he failed to fill it, cancelled his ask and no MM displayed the bid until 5 minutes after the order was placed.
I subsequently cancelled it when it was obvious that it was not going to fill. To add more .0003/4 equivalents in my pyramid of holdings for trading throughout 2019 I'll just hit the ask later. My main holdings are at .0002 / .4000 now anyway.
The ask remained thin to 1.9500 and then 3.000. The person who was going to sell at 1.5000 cancelled.
Range .6601 to 1.0000.
Further update from the CEO today (January 16) as follows:
"I just returned from Michigan with amazing synergies and opportunity with both hemp and medical marijuana experts who want in on Enviro- Serv -some pics from 1 legal grow I visited Monday - Today Santana meets with IFAS again. Enviro being pro active and soldiering forward"
https://twitter.com/EnviroServInc/status/1085541270985019392
Items below the line unchanged from previous report and still valid:
Ahead expect:
- Continued manual and further automatic outbidding.
- Closing of the spread.
- More hits on the ask from those that failed to load .0002/3/4 [.4000 > .8000] on January 14 before the r/s and who only have .0005 [1.000] and above.
Excellent update from the CEO on January 15 confirming the reasons for the restructuring and updates ahead.
I will alert here as soon as E*Trade enables trading of replacement shares for legacy holdings - I'll be monitoring continuously.
Enviro-Serv, Inc. (EVSV) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.