After almost a half of an hour of reading, this is the best sense I can make of it all. Thank god I didn't have a position. I learned more about OTC trading from reading posts between April 17 and today than I have in months reading other shit:
http://www.otcmarkets.com/stock/BOPT/chart
http://investorshub.advfn.com/boards...ge_id=87181077
My post there, in case some moron deletes it (they do that all the time on bihub)
Am I getting this all figured out? I'm very new to trading but
1. Infamous SMA pump
2. Unlike most SMA pumps they didn't even manage to run the PPS up before it crashed (I understand a lot of pumps don't have to raise the PPS in order to be successful- sometimes they just keep the price stable or from completely crashing while insiders dump a trillion shares)
3. There is this U3 halt by FINRA
4. Some people argued about it being a HALT and NOT a SUSPENSION
5. Some people argued about it going grey, which it ended up doing
6. Miss Angel has been e-mailing the company and they denied that any insider selling happened
7. Somewhere along the way I learned why SHORT data is such BS. I never realized that, the daily short volume has nothing to do with actual SHORT POSITIONS. Learning to make that distinction helps me A LOT because all I knew before was that I didn't understand the REGSHo and all that ****. Now it makes more sense.
8. Now some people think there will be a huge short squeeze, but then someone said the float is too small to cover the shorts, but the float is 40M and not the 10M someone said AND the actual short positions are nowhere near as large as everyone thought OR we just don't know
9. A company has only been U3 halted once and that was in 2011
10. The vast majority of companies never come back from being grey, but, a select few still manage to trade back up
11. I'm completely lost but this sure is interesting- please correct me if I have any of this wrong
12. Meanwhile I Completely left out the part about the transfer agent!! Did they really leave themselves without a transfer agent?!! That could very definitely be why this happened!
As an aside, it's interesting that it's still on SMA website at http://www.stockmauthority.com/thanks.html but no longer up at http://www.stockmauthority.com/stock-report/
Also, when you think about it, all of the promoters agreed to a certain amount of (or a time frame of) promotion. Halt or no halt. They (should) technically "have to" keep promoting it.
Also, is this traded on the Berlin Exchange where they allow unchecked shorting- or not? If so- how would we find out how much is short?
http://www.otcmarkets.com/stock/BOPT/chart
http://investorshub.advfn.com/boards...ge_id=87181077
My post there, in case some moron deletes it (they do that all the time on bihub)
Am I getting this all figured out? I'm very new to trading but
1. Infamous SMA pump
2. Unlike most SMA pumps they didn't even manage to run the PPS up before it crashed (I understand a lot of pumps don't have to raise the PPS in order to be successful- sometimes they just keep the price stable or from completely crashing while insiders dump a trillion shares)
3. There is this U3 halt by FINRA
4. Some people argued about it being a HALT and NOT a SUSPENSION
5. Some people argued about it going grey, which it ended up doing
6. Miss Angel has been e-mailing the company and they denied that any insider selling happened
7. Somewhere along the way I learned why SHORT data is such BS. I never realized that, the daily short volume has nothing to do with actual SHORT POSITIONS. Learning to make that distinction helps me A LOT because all I knew before was that I didn't understand the REGSHo and all that ****. Now it makes more sense.
8. Now some people think there will be a huge short squeeze, but then someone said the float is too small to cover the shorts, but the float is 40M and not the 10M someone said AND the actual short positions are nowhere near as large as everyone thought OR we just don't know
9. A company has only been U3 halted once and that was in 2011
10. The vast majority of companies never come back from being grey, but, a select few still manage to trade back up
11. I'm completely lost but this sure is interesting- please correct me if I have any of this wrong
12. Meanwhile I Completely left out the part about the transfer agent!! Did they really leave themselves without a transfer agent?!! That could very definitely be why this happened!
As an aside, it's interesting that it's still on SMA website at http://www.stockmauthority.com/thanks.html but no longer up at http://www.stockmauthority.com/stock-report/
Also, when you think about it, all of the promoters agreed to a certain amount of (or a time frame of) promotion. Halt or no halt. They (should) technically "have to" keep promoting it.
Also, is this traded on the Berlin Exchange where they allow unchecked shorting- or not? If so- how would we find out how much is short?
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