"VRNG is not a serious traders stock - never has been, never will be."
Now that I agree with!
In light of that, It's very difficult to understand why someone of your expertise, time, and money would care as much as you do here. Entertainment is just not a valid excuse. Every board I've seen is entertaining, and VRNG is minimal compared to what it use to be, with much more entertainment available elsewhere.
There are other reasons your here, because it doesn't make sense otherwise, but it has no bearing on me regardless
Not directed at you specifically
I do believe in the chart guidance
But VRNG is about Binary Events happening or not
Sounds like you are an active trader, likely even a DayTrader.
Doubling is nothing
A couple Binary Events pending, Yes or No
If continued delay or No, it will continue it's pennies downward manipulation
If Yes, .84 should be far surpassed
Do what you need to do, but that's what these manipulators want
You are playing right into their hands
But again, for those still here from the past, it's likely not worth selling at this point. Whether $3 or .75, everyone who has bought, did so at some higher price now
And there are others who will "gamble" on a .45 cent stock for the potential upside. Yes the odds are with the house, but that's why it's more of a bet....all based on a Binary Event or two
Technical analysis primarily applies for those trading on some percentage movement. Someone who buys or shorts 100k+ shares looking to make 10 or 12 cents/share???......have at it and have your fun.
But others are here for the potential upside Binary Events
You can lose something, but Positive Binary Events can increase wealth in a hurry
The bet is not VRNG. The bet is on the probability of the 2 or 3 Binary
Events. At .45 cents, is it worth some bet now?
What's the chance of a patent infringement win?
What's the chance of a settlement?
.....And for other companies:
What's the chance of a successful Phase 3 or FDA approval
What's the chance of being acquired
What's the chance of a positive revenue and earnings surprise
Also, there are Traders, be it professional, retired folks, or just those that are addicted to the minute by minute excitement.
But there are others that have regular day jobs, and commit to various stocks or indexes with some percentage of income
I think those still here betting the upside are the latter
The larger % moves like today are manipulated by the former, having their fun
Doesn't matter what I think about that
As binary events, it only matters what the courts decide, and that's very unpredictable at each and every stage, as we've seen.
Shorts are not betting against VRNG. They are betting for the size, money backing, and role of Google to the US. They're betting on the court system, and IMO, a "China" based company. It's a good bet, and was favored.....But at this level???
But the courts and ZTE could wreak havoc here too. The upside potential if they do is much greater than any Short bet at this point
That's also what make me think that this ZTE manipulation could be true.
What reasonable Shorts are going to try and make their money here still?
Pretty much the only reason to short this now........is to manipulate.
(1.7 million shares traded and the sellers owned 80% of the day.)
Replace "sellers' with "manipulating shorts" because for longs, if they're still here, they aint sellin now.
At least it's known what you're about
Not someone to get involved with business wise, and someone to avoid in life if possible
Manipulative Shorting will probably try and make this look like a negative
Might be why they came out with this on a Friday
More time for rational, and less reaction
It's a bit of an ordeal to switch public accounting firms
You can't just switch firms for seeking an unqualified opinion
All KPMG audit info has to be passed on to CR
This is not specific to SPEX. In all fairness, he has always Twittered these things. The timing just happened to be a day later. It doesn't make the BS job he's done for SPEX any better. It looks like RockStar pulled a fast one on them. and I think they have years of the court system ahead of them for any material monetization.
Is there meaning behind this? What were the discussions inside VRNG that brought this up as a consideration?
IMO: Big 4 firms are for the big and the wealthy. You want comparable resources but with more personal service and value, you look to a National size firm over Big 4.
KPMG departs with no qualifications passed on to CR other than the Going Concern, which everyone knows about as VRNG is about future binary events....Yes, or No
VRNG will be a more important client to CR than they were to KPMG, where they probably became small potatoes
Last time there was news like this, SPEX jumped to ~$4.50 on the news alone