Looks like the company voluntarily demoted itself to a pinksheet status- which isn't good- they are likely trying to save fees of being a public company but I thought with multiple movie releases including including some very good guaranteed revenues this would be our time to shine but unfortunately this timely demotion makes the near term support questionable at best but the good news is with about 17 million shares 2 movies+ more stuff in the hopper I think at these levels a market cap near 3 million its an absolute steal and it could become a 10 bagger type stock but the wait on that is likely 9+ months away..maybe longer for the revenues to start getting baked into the stock where the audience begins to find it.
So as a penny stock I love it as a vulture investment preying on the currnet weakness of the company being overlooked but it has issues likely in the short-term support it may have troubles since its an already overlooked stock to begin with and they just decided to make matters worse- they will save some money going to the pinks and doing away with IR etc and maybe they are making this a private party and flushing people out to later push this later next year is my best guess. picking up shares in this 10-15 cents range should have its day of reward just might be a little while with the company just did. Serious money usually doenst pay attention to pink-sheet companies since they could be hiding all kinds of stuff that full disclosure in filings would otherwise show investors- this deal now requires more confidence/trust in management to do good for shareholders- on the business developments side they seem to be doing great with multiple projects
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