gosox12
13 hours ago
Continued U.S. support for Ukraine!!!
A new Democratic Presidential candidate will surely continue Biden's support for Ukraine and its valiant battle against a Putinesque, dictatorial, mass-killing, human rights-violating, and imperial- expansionist regime .That SOB has been bombing hospitals and schools for many years prior to his current actions in Ukraine as well.
Finally, some good news for believers in democracy and CYBL with their drones, is part of this battle.
As someone just said: "There's only one old guy in the race now!!!" It's a new day in the USA.
varok
22 hours ago
The Sunday Newsletter 7/21/24 - BLEG,
Well let's start with last week's trading session. Overall, we held up quite well considering, but believe we maintained from the bottom falling out at .0011 where we held and towards the end of the week closed .0013 with a modest few going off at .0014. Many trades last week were in the 5th decimal range followed by regular retail trade. Here is a recap of what I reasoned for this trading pattern, and we hit a larger volume than usual and I believe what has been transpired form these multiple trades.
My recap of these trades from 7/17.
" I am going to make a bet that the company is countering the conversion from D with a share buyback and why I think the DTC as my synopsis from my last post seem to suggest that they are having settlement issues and why no update on the transfer agent. I generally feel we are going to have a positive outcome. I'm not concerned with the conversion since this company still has one of the most attractive share structures for a pinksheet company.
My reason is that there are too many trades going off in the 5th digit and countering into buys. 5th digit trades are first initiated by wholesale i.e. institutions, and can move onto retail, but on the most part these trades are conversion/dilution whatever, but in our case, I believe the company is countering with a buyback initiative. I have trades in at .0012 yesterday and the initiated trade was a 5th at .00115 and my execution was filled on .0012. Now that sell at .00115 came from wholesale entity but have also witnessed it in the reverse, meaning the company has to buy back on the open market and can denote as retail.
If you are a tape watcher notice all the 5th trades following a 4 decimal after each trade in consecutive multiples going off, meaning wholesale to retail in multiples, those denote institutional involvement."
Now I will address Mr. PROPHET-of-PROFITS post of July 20th.
"DUMB QUESTION
why not just buy out the d holders?
Otc play book.
Dave will buyback stock on the cheap. Issue the d shares and then pump the stock so they can dump for more than he would or could pay? "
Actually, it isn't as easy as that. These D holders are now independent holders and to their right, they would be better served to sell into the market on given days. Also, all buy backbacks/retirements have to be purchased from the open normal trading session in a given day. They just can't go back and tell the note holders they will back the note on a pregiven amount when the note was established from past amount and monies based on these past amounts been executed in the post/merger agreement. The only recourse for the company is a cancellation of any outstanding conversion note, of course this only can happen with the note holders in agreement and that is unlikely since the agreement was established as a promissory note within the agreement with the merger within the corporate structure into BLEG.
The simplest way is the company buying back shares and sending them into retirement, which I mentioned form my above post believe this is what the company is doing with the multiple trades that went off last week on the 17th and18th when volume was unusually high.
I like how this company is handling the issue thus far and feel let the issue run its course so we can move into fall with a more complete setting that maintains a level of transparency and ROI for us all.
I like this company more now than the past and feel that we have a very good opportunity to move into the growth period as we go into fall with these conversions behind us. Also, we will be getting the next quarter financial around mid-August and really feel this report will give us some nice numbers and a new direction in the share price with higher highs through the remaining 2024 calendar year.
As I have mentioned in many of my posts that this is one of the best pinksheet companies with absolutely an attractive share structure and the transparency from the CEO is truly a blessing in this very unpredictable penny arcade where obscurity is a normal business practice.
I have also stated that current situation within the realm of the daily trading session allows us to require additional shares at a bargain. I strongly believe that the current trading session is a strong buying opportunity all the way up to .002 and the target is .01 by the end of 2024.
I'm very optimistic on the near-term future of BLEG.
Have a good day
varok