Excellent day for $PSRU - .0001s bought out well i
Post# of 2457
(Total Views: 578)
Posted On: 06/10/2024 4:16:26 PM
Excellent day for $PSRU - .0001s bought out well in advance of the big 6-monthly Shareholder Update Letter (expected by June 16 per 'X' update on June 6).
.0002s started decisively with buys up to 11M at a time.
.0001 walked down asks taken out whenever they appeared.
.0001 bid maintained through to the close.
.0002 ask was down to 683M but one-tick flippers + probably some of the bashers added to make a peak of around 760M at times - with constantly changing amounts on the 7 x MMs (now keeping a record to compare going forward).
Closed 100% up at .0002 on 733M traded.
Correct price for CEO's estimate of market cap in the last Shareholder Update letter of $200M is .0156 at the current O/S - which is planned to be reduced both by block reductions and a future buyback.
Savvy traders who have not already converted their core holding to free - as those who have been trading it on all the previous runs have been able to do - are clearly trying to do that at .0002 to then keep a substantial core holding for potential future moves into the .01>.02 range over the months ahead.
Over the last few months, several traders have confirmed they have holdings in the 100M > 200M range and a few more are likely in that league as well after today.
.0002s started decisively with buys up to 11M at a time.
.0001 walked down asks taken out whenever they appeared.
.0001 bid maintained through to the close.
.0002 ask was down to 683M but one-tick flippers + probably some of the bashers added to make a peak of around 760M at times - with constantly changing amounts on the 7 x MMs (now keeping a record to compare going forward).
Closed 100% up at .0002 on 733M traded.
Correct price for CEO's estimate of market cap in the last Shareholder Update letter of $200M is .0156 at the current O/S - which is planned to be reduced both by block reductions and a future buyback.
Savvy traders who have not already converted their core holding to free - as those who have been trading it on all the previous runs have been able to do - are clearly trying to do that at .0002 to then keep a substantial core holding for potential future moves into the .01>.02 range over the months ahead.
Over the last few months, several traders have confirmed they have holdings in the 100M > 200M range and a few more are likely in that league as well after today.
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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.