dog turd cannon Monday, 12/01/14 01:04:50 PM
Re: dave159 post# 153241
Post # of 153292
Some general facts about the OTC. More than 80% of pink stocks return to the par value within 2 years of run. This number is actually closer to 100% but a lot hover around xx2(xxx2) or xx3(xxx3) for a long time, which really makes no difference if you bought at 1 cent. Or, they are R/S to consolidate, this is a killer.
Close that same number do not exist in 5 years. I.e. they have changed tickers, been delisted, "Q" / bankrupt etc.
It is possible for a stock to run multiple times. But, be aware that billions of shares is not the same as millions of shares and liquidity is key to these runs. Needs to be easily restricted.
Here is the ticker history for FITX. As you can see this has been a software company, a holding company, a nutrition company, and now it is supposed to spin off a MJ company. There are rumors it is into insurance as well...
02/27/2007 16:33:36|A||FITX||Fitness Xpress Software Inc. Common Stock|02/28/2007||||u
03/07/2007 15:51:48|A||FITX||Fitness Xpress Software Inc. Common Stock|03/08/2007|
03/07/2007 15:51:40|D||FITX||Fitness Xpress Software Inc. Common Stock|03/08/2007|
05/31/2007 14:15:32|S2|MSHI|FITX|MSTI Holdings, Inc. Common Stock|Fitness Xpress Software Inc.
05/01/2012 13:01:36|S2|FITX|LBGE|Creative Edge Nutrition, Inc. Common Stock|Laufer Bridge
04/01/2013 08:59:38|S2|FITXD|FITX|Creative Edge Nutrition, Inc. (NEW) Common Stock|Creative Edge
04/29/2013 12:57:37|S2|FITX|FITXD|Creative Edge Nutrition, Inc. Common Stock|Creative Edge
At anytime there are about 5000 stocks in the OTC, ignoring the grey sheets and foreign listed exchanges, about 75% are non-reporting. I would say.. 95+% are share sellers, liquidity plays, even the ones that are "real" companies. Go ask on the A)DN board if you want a recent sad story.
In the past decade or so there have been 15k tickers in the OTC as well. Which means 66% of these tickers are gone.
Based on the previous short-term history FITX has an amazing way of rebounding off of absolutely anything. If there is a PR about Bill eating short cake and liking it the stock will go up... but I think Bill is gone. I think the PR machine has stopped because all the insiders have cashed out. I personally think the Facebook page has been run by "fans" of the stock and not the company for a very long time.
If they get greedy they will spin off and try to start over. I am pretty sure they are smart enough to not do this though. There is a line they'd have to cross here and there would be no turning back. To many eyes are watching at this point.
But, it is safe to say a lot of people will hold this until it is $1.00 which will probably be close to never and after it skids to 0.0001.
Excellent stats, from a clever man...said he wouldn't be around after his data mining curiosity, but see he's still around... Ahh, caught the addiction bug. Lol.
I've got a good one though... GLGT.
sad to see though, on the actual board, a mod, from the south , censor the board to her advantage, and post, doubt uncertainty, yet continues to add.
Dumb AZZ biat..ch.
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