InvestorsHub Logo
Followers 3
Posts 255
Boards Moderated 0
Alias Born 09/28/2012

Re: Joeymc77 post# 3118

Friday, 02/03/2017 11:22:47 AM

Friday, February 03, 2017 11:22:47 AM

Post# of 3369
It looks like people reacted to the announcement that more shares are going to be issued, which usually tanks the share price. Such an announcement also usually marks the end of the pump & dump.

When the shares are issued, I expect them to be priced at a discount and the share price will take a dump. After that, the price will continue to fall a bit and stabilize and volume will dry up. Then there will be some PR to kick off another pump & dump. The price & volume will spike and then fall, and then there will be another announcement that more shares are going to be issued.

If you time your buys/sells right and ride the pump & dump, you can make serious money. If you're holding when the new shares are announced/priced you can lose.

They have less than 10 million shares outstanding right now and 100 million authorized, so they can keep this up for a long time as long as they stay listed. If they fall below $1/share and get a delist warning, they can reverse split to get back above $1 and stay listed, like they've done twice in the past two years.

Lather. Rinse. Repeat.