Trading Summary - January 17. A satisfactory s
Post# of 4419
A satisfactory status quo day for $EVSVD while most of the main traders await delivery of the replacements for their legacy shares to be delivered electronically to brokers from the Transfer Agent.
There was a lot of minor game playing today to try to pick up new shares in the .6680 > 1.0000 range by those that failed to load .4000/.6000/.8000 (.0002/.0003/.0004) when they had the chance on January 14 but attention was diverted by the dramatic action on 2 other picks on my Watch List ($AHIX and $OTTV) and the repeat surge flip opportunities on another successful post-r/s stock ($HIPH).
Trading as reported in several earlier posts today.
Total 14.330 in range .6650 (higher low) to .9400.
Items below the line unchanged from previous report and still valid:
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.
Excellent update from the CEO on January 15 confirming the reasons for the restructuring and updates ahead.
Further update from the CEO on 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
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.
I will alert here as soon as E*Trade enables trading of replacement shares for legacy holdings - I'll be monitoring continuously.
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.
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.