I genuinely felt for you guys & gals when I saw the depth today, something had to give eventually and if it wasn’t going to be buyers at .002 it was going to be selling at .001. I’m sorry it went the wrong way for you.
To me this looks genuinely like one holder simply gave up, at 11.05am we saw one single dump of 55-60 million shares into the bids at .001 for $55K-$60K. I don’t recall the total volume of bids at .001 but he just about wiped it out.After waiting 5-10mins for the bid side to be reloaded a little, it looks like he returned to dump another 10 million shares at 11.12am.
It’s possible this second dump of 10 mill shares was a second seller, spooked by the first.Regardless, it kind of sets the tone for sellers if they want to exit it’s at .001 so if I wanted stock I would simply wait there.
Notably, at the end of the day $40 were traded at .002 to Ensure the closing price
VPR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
