Post by
rockminer56 on Sep 03, 2024 1:17pm
The Stock Dump
I just read West Coast Liggers post where he is now going to buy the stock in the "low" teens, a distinct reduction from "the higher teens"he talked about for last few months, and that seemed ominous for future of stock.
I started to put a few quick figures together and, from the very recent Sarasota judge's decision, two of the co-founders will be able to sell their 18 million shares on the 20th Sept.
....to that add the 37 million recently issued unrestricted shares...18 +37=55.
Add the other co-founders say 20 million ea. (although I think its much larger) ....55 +40=95.
Add Trumps 150+.......so.....95+150.=245. Million
Question......who do they sell it to?????
I often take a look at time and sales amounts, over many months and the number of shares traded by a wide margin is..1. That is a one share.transaction. I believe there was tens of millions of MAGA investors who bought originally Some of course bought a 100 sh and a few from trade records 1000 but most seemed to be 1..
I think the insiders will not trust each other to feed a few shares into the market now and then, for on the 20th there will be sell orders for tens of millions of shares. The insiders will want to get some cash out as they undoubtedly have never had such a lucrative investment before, just payiny a fraction of a cent per share.
None of us will ever see such a debacle again. I wish I could sell tickets and popcorn for this event, as I would make a killing.
Comment by
a2bman on Sep 03, 2024 1:44pm
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Comment by
AndrewWiggin on Sep 03, 2024 2:10pm
Congrats on the big profit. I'd stick the money in my pocket and keep it there. Too much risk for me.
Comment by
westcoastlogger on Sep 03, 2024 2:25pm
I've already spent 40 of it on 10K more shares of QIPT and still have 70 waiting in cash for DJT. If we can get this chased down past 13 or so I'll re-evaluate as we go but from the history of this I'm not so sure it'll go much lower than that but there are other factors here as well. We'll see how it goes.
Comment by
a2bman on Sep 03, 2024 2:30pm
QIPT bahahaha is that who supplies your meds?
Comment by
dart321 on Sep 03, 2024 2:40pm
Keep an eye on the last 30 to 40 mins of the trading day when the pump crew tries to push this as high as they can to the close. When insiders are dumping they sometimes use this late day pump to unload another block of shares.
Comment by
Bimmaxbro on Sep 03, 2024 4:00pm
Hey logger, are you waffling now? I got a bid at 0.56 and I'm sticking to it. I just heard they're canceling the J6"AWARDS GALA " ! Just got tickets and made reservations, bummer ! But trump will be okay cuz he's keeping their deposit
Comment by
westcoastlogger on Sep 03, 2024 4:08pm
Non of your effing business what I'm doing.
Comment by
Moemoney42 on Sep 03, 2024 5:15pm
Cut the BS logjam... you're not doing or buying anything... never have owned this stock no matter how many times you say you did.. LMAO..!!
Comment by
Moemoney42 on Sep 03, 2024 5:17pm
Dont' you remember when I caught you in your lie when you first said you bought 2000 shares, then commented you sold 3000.. all the sudden you changed your lie to owning 3000 shares.. after I busted you.. soo easy to expose your BS.. LMAO..!!