Post by
pacer217 on Dec 01, 2022 11:44am
BAD news for XRP and Seelow
I just called into the trading desk I use . I wanted to confirm what ROB said .on the C./C.
yesterday. I hadthem check the LEVEL TWO orders.
He is right The big boys do NOT pay Market.
All th buyers are institutional -- all looking for buy price below market.; ALL the sellers are a few retailers just selling because they are bored.
On the BID there are 17 orders for for 116,000 shares for between .285 cents and .295 cents.
ON the ASK side there are only 8 sellers for 19,000 shares for between .305 and .325 cents.
CONCLUSION. there is ZERO chance of the price getting to below .285 cents, and then just to fill the big order there.
Comment by
XRP111 on Dec 01, 2022 11:52am
O.k thanks Pacer for doing D.D since no one else has done here including insiders, bored members and the sideline window shoppers. I'll put increments of 1 million shares in at .28, thanks for the heads up
Comment by
filoux004 on Dec 01, 2022 11:53am
Really? There has never been any institutional holders nor VC capital involvement and no brokerage coverage not even by Echelon partners who conducted the 7 5M PP at 1.35$. anyways read the financials notes clearly states that mgmt cannot guarantee Fobi as a going concern and is actively pursuing raising new capital. GlTA
Comment by
XRP111 on Dec 01, 2022 12:02pm
Sorry Pacer, i just pulled my bid at .28, i changed it back to .10, thanks filoux for the D.D since i'm blind and my bird is my navigational gps when i drive. 2 chirps means turn left, 1 chirp to turn right
Comment by
filoux004 on Dec 01, 2022 12:41pm
Really? I didn't know there was a Venture big board. By the way what happened to the Nasdaq listing?. But thanks, I will keep an eye . Please read the notes in the financials , the part dealing with going concern. Glta
Comment by
XRP111 on Dec 01, 2022 1:00pm
Down .02 already? I may have to drop my .10 buy in to .05 now
Comment by
Seelow7 on Dec 02, 2022 1:58pm
Don't feel sorry for Seelow! The day I ditched my last FONI share is an annual holiday at my house.