BasedOnFeels
2 days ago
Hey Happy 420!! I want to be schooled! Its the weekend though, where most people take time to enjoy the weather, hobbies, friends, family and self reflection. We all can't be on the spectrum, right?
Disaster week? What kaleidoscope are you looking through?
Start of week -00017 and end of week- 00174. What a shitshow disaster right?
Got to see the intraday traders panic wack it to .0012, while patient investors caught the dip, which created buying pressure right back to .0019.
188,000,000 shares sold this week in a .0012-0019 range.
550,000,000 shares sold the week before in a 0005-00215 range... In an all retail stock, Im trying REAL REAL hard to find where the toxic nightmare is? You trying to tell me Leonite Capital(even though the SS hasnt changed and no shares have been issued in 5+ years) is dumping their .005 nonconverted shares at .0018+/-? How is that possible? And why would they convert their shares when the .005 benchmark isnt even met?
If this was a toxic stock as you claim- ILST would just rewrite the loan deals for .001-.0001 instead of @ 005 or take on another lender. Leonite Capital(ILST) is a Multimillion dollar portfolio, they dont need any other lenders. In fact they just gave another 30k at the same price recently.
Todd Masse might want to convert that note into a Class C Preferred of its own, with its own restrictions, guidelines and par values. No notes is so so rare in the OTC, its why most flock to those stocks to long term swing. 1 note holder like we have here is rare as well...unconverted with protections for shareholders
Could be a stock buyback Program? Open market buying? Leonite does it all. They frequent REG A/S1/DIRECT/INDRECT/PREFERRED offerings too. They chose a seasoned veteran CEO Todd Masse in the cannabis space who brokered/was part of a massive deal for a relatively smaller company in TerraFarms to be aquired by Aurora for $38,000,000 in cash and shares of Aurora. Whatever is next, seems this guy can get it done. I smell an acquisition soon. I dont expect to be written back to, as this post takes some understanding of the world around them.
Technical's show a .0016 base has formed where sellers are now hesitant to sell and a .0019 resistance where buyers are hesitant. This has made a decent sideways trading channel for profit takers(still up 174% from 0005 lows) and new bid buyers to load/reload and flagging.
Shareholder letter from NEW CEO coming. This is how the OTC wins. When its all retail without a worry of buying a lenders toxic shares. Good luck with this same dilution theory and toxic dumps(still cant find one on the chart). Hope this finds you well, friend.