Friday, February 27, 2015 7:43:56 AM
I edited the previous msg, if u care to read.
Yes I got few mills at 2 but I have had most at 3 and some at 4. Will hold till April/May, let us see, if I lose it all like I do in most penny's
Sad to say, it is very difficult to read the penny's. Plus the MM has the full discretion what and who to fill and the brokerage can't help either. This is the wild west
One CEO recently actually said in a PR, yes in an official PR that they will buy back 300M out of the existing 600M O/s. Guess what, he has dumped more than 1B in 30 days and it is at no bid and 0.0001 ask. Just one example.
Another guy said the float remains and will remain the same at 120M and dumped 400M shares in less than 2 weeks.
So anything goes.
I still believe this will do very well as long as the guys don't start to dilute before any announcements.
Yes I got few mills at 2 but I have had most at 3 and some at 4. Will hold till April/May, let us see, if I lose it all like I do in most penny's
Sad to say, it is very difficult to read the penny's. Plus the MM has the full discretion what and who to fill and the brokerage can't help either. This is the wild west
One CEO recently actually said in a PR, yes in an official PR that they will buy back 300M out of the existing 600M O/s. Guess what, he has dumped more than 1B in 30 days and it is at no bid and 0.0001 ask. Just one example.
Another guy said the float remains and will remain the same at 120M and dumped 400M shares in less than 2 weeks.
So anything goes.
I still believe this will do very well as long as the guys don't start to dilute before any announcements.
Experience is the most powerful tool in the world !
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