Big Brother
7 years ago
Another nice sized fill @ .50, these look like they are pre-arranged IMO, either overseas investors and/or possibly promoters, all done at the bid, virtually no ask slapping at all on this thus far.
According to the filings, it looks like a good portion of these guys cash was frozen by the Chinese government, so it could be plausible that they would do a promotion to raise some working capital.....just speculating though.
Obviously someone is buying, not huge but more then I'd expect to see on an unknown Chinese ticker.
Will be keeping an eye on this, looks interesting but risky.
Big Brother
7 years ago
Watched this one closely yesterday, looked like GLED was itching to run it up higher very quickly, upping the ask on any hit, but that's pretty typical activity for him, seems to play a lot of games on these new tickers.
Was originally thinking the 300K dump to .05, may have been a promo drop, however, if it was I did not see any promo type activity.
.10's or .20's for a new trading Chinese ticker is a pretty good deal, even with this share structure, so it's tempting to buy but GLED is not the ideal MM I like to see on them so it's a tough call.
Big Brother
7 years ago
Yeah, it's crazy but it appears this has one had only one trade before today, in 6 years, it's common for a shell company but this was never a shell, this is actually the S1 filer...... Asian companies are notoriously slow to get anything done but 6 years is taking it to a whole 'nother level...lol.
12:16:07--0.05--90000--OTO
12:16:01--0.06--10000--OTO
10:40:37--0.05--200000--OTO
09/10--1.00--200--OTO
What I'm not sure of, was this just a random dump from an old shareholder or are they finally ready to get this going...?? The timing of the FINRA name change yesterday and the new shares hitting the market today is prob not a coincidence though.