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04/07/17
23:16
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Originally posted by Waldo777
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The second raise at an effective price of 0.009 has been very well discussed.
But I hadn't really seen anyone here mentioning the 200+ million at 0.005.
So I highlighted the 0.005 one as a public service announcement given the share price is getting hammered day after day and there have been big dumps at 0.009 and blatant props in the buy depth all the way down.
I'm not saying this is a sell at these levels because there should be a pump on news at some point but 0.009 is not guaranteed to hold given the cheap CR supply at 0.005.
I'm not buying for a trade until I see some share price stability. Looking at the chart and RSI levels and declaring that it's oversold is ridiculous IMO given the FA of a raise at 0.005 and the TA of there being a more than six month break in the chart!
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Someone correct me if i am wrong,
But those shares were issued to Tanah Capital, who is a substantial holder. I am fairly certain he needs to issue a change in substantial holding if he is selling.
I would say it has nothing to do with the .005 share issue.
All IMO