Theralase Technologies Inc. V.TLT

12 mil bid US

[Camphikefish]

Apop and others who are so kind to impart knowledge and wisdom, I have a question since the posting is light these days. On days like today when there's 12 million sitting there on the bid side with a 1/2 cent or less difference to the ask side, the question is this. Is the 12 million worth of bid a legitimate motivated bid to gain shares if the spread were to shrink? Or is this manipulation in some form to never truly intend to acquire the shares? I just can not fathom what the day would look like if 10 million shares were to drop and what would transpire from there. Seems like FOMO would kick in. I'm hoping for major volume one day soon which might indicate the reversing of a downward forming wedge at a true floor relative to historically low pricing around 10 cents US. Looks like we should pop soon but what do I know. Many have said here that technical analysis does not truly apply to penny stocks hence the reason I ask the questions to gain insight from others who know more than I do. Thank you for any replies to share the knowledge. GLTA and have a wonderful day. Low 50's and sunny in Charlotte so I'll take it!

[DJDawg]

For whatever reason, the way the bid ask appears on some platforms is confusing. In the past, when this comes up it usually is because the display is total shares (not lots). I would be shocked if there is a bid parked for 12m shares. I wish.

[Tcwtaeugene2]

     Better go to the official O.T.C. market site to have the real bids and asks. For me, this is more 14K bid. on the ask. You have to retreive the 2 or 3 lasts digits. This is not a market platform so errors can occur. E  Good luck

[Tcwtaeugene2]

Sorry my mistake 14k on the ask E

[Tcwtaeugene2]

Geese think i'll better take a break.

[99942Apophis]

Hi Camphikefish, I can't see the US bid/ask on my trade platform only Canadian. From what you are saying my take on this monster bid must have the money to back it up as you know when anyone puts in a bid you need to have cash for that bid or your financial trading platform will stop you for insufficient funds. So the question comes to mind this trade could be serious on 2 fronts (1) this

[Camphikefish]

And once again, thank you Apop for your comments and explanation. It all makes sense. All the best to you and everyone here