Tangelo Games Corp. IPRSF

Equity is under water

[Bringtherain]

I suspect someone played the bids/asks and generated retail attention on boards to suck some people in and unload a million or two shares.  Easy enough to do on this thin puppy.

Be careful.

[skinnybob123]

Yup retail investors put about $300k out of no where on a penny stock. Sound logic. How does 1200 blocks at .035 ask generate good attention? The shares were bought straight into ask. And why do you care? Shareholders had their best day in two years on heavy volume and you're gonna come telling them this? GTFO 

[Bringtherain]

Rude SkinnyBob.  4 million at $0.04 is $160,000, not $300k. $160,000 is very small potatoes and I figure some people were played. Just said to be careful. F&M don't make money for retail, they make it off retail. I hope someone can spin this as a new crypto-gaming play, and the stock soars.  TEC gets the first $70MM and unless there is some magic, equity is worthless.

[skinnybob123]

There were 7.13 million shares traded including dark pools not 4 million. 300$k is not small potatoes to average retail investors, especially on a high risk penny stock. What are you talking about? When was the last time an amount of money even close to this last entered this stock? You still haven't claried how 1200 blocks at the ask would entice retail investors into buying. It actually has

[Bringtherain]

I am not going to spend time looking into possible dark pool trades. Let's say you are correct. $300k and how much was new money vs volume churn to pump?  Don't know. Still tiny volume. Hope it works out as i know a couple of folks with a few million shares, taken down in early PP's.  So they are underwater, and i hope they can get some back.  Equity is underwater ergo

[Champ87]

Everything is possible, but over 7M shares traded in a single day is a bit too much for playing the stock. Like Skinny said, no games just straight buying into the ask is how I see it, which could mean someone is in a hurry to load up. Let’s see if it holds on monday. Always careful with pennystocks, but a few positve signals over the past couple of months makes me believe this is ready to turn