Wednesday, July 15, 2015 6:41:48 PM
It appears the shareholders are not selling and the short's are buying and selling amongst themselves.
Everyone is waiting for the audit. Once filed all questions are answered about anything important.
The lawsuit is side show material to keep some people entertained here imo
The act of completing the audit is HUGE. I personally believe if the sales exceed 1m and the company looses less than 250,000 in the first quarter of sales the stock will go to .25 by end of month.
If they show a profit the gloves are off as to the price. I personally would be shocked if they broke a profit as that would show low salaries and extremely shrewd money management under a duress filled quarter.
But if profits were above 100k I would say .45 - .65 is possible within a few days.
Once the uplist occurs this company will rock big time.
Then the alcohol is the biggest wildcard. That goes online and the profits to be made is outstanding.
Time will tell.
Oh yes, the shorts are holding an estimated 3-5m that will need to cover after the news. Their betting it won't happen or be horrible. If it is good news they could lose .10-.20 within hours trying to cover.
One thing I will say is these next few weeks will be exciting!
I hope this sheds some light on your question.
Feedback is always welcome
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