:) , 0.015 or under
After a nice long vacation I am back , How's everyone doing , dont answer :):):)
As you folks probably know by now ,everything I predicted about this came true with 100% accuracy, If you have been following the board for sometime then you knew my accuracy on this. I pretty much gave the "road map" what will happen, when will happen, and what will follow after it , before all this happened and it played out exactly as i explained in many of my previous posts.Dont believe me? check my past posts on this, they will back me up (No btw , not trying to brag)
Here is what will happen next;
Now the first Reverse Split is out of the way , that means after a long and impatient wait ,convertible debt holders finally can continue dumping those shares and getting paid, they waited long enough :) , and remember they dont care about share price or how low it is , they are not losing anything (remember that bc. it's important)
This convertible dumping will continue ,sometime slow sometime in fast pace and large volumes, until Outstanding Shares count increases to 350-450 millions shares , close to maxed out A/S , again.
By that time most of the debt would be gone and .....
wait for it , wait for it , tadaaaa it will be another Reverse Split ,but this one will be for uplisting purposes to NASDAQ , so the next R/S ratio will be 1/100-200 , but this won't happen before 2018
After all said and done, stock will continue to slow bleed to 0.015 or under , that is where you should be start buying for investing purposes, under 0.015 , not now (unless you are daytrading this for quick in and out flips ofcourse)
As I said before in many of my previous posts, and proven right over and over and over again, time still is NOT right to touch this, I will let you folks know when the time is ready
Good company and shouldnt be trading in OTC in the first place if it wasnt for Monro's mismanagement and getting under crazy amount of toxic debt which they are still trying to get rid of, So if it is timed right you can make serious serious money on this. It is getting close but not quite there yet.So ,If you are not a patient person like me, you may start at low 0.02s , Being all fair I cant guarantee it will dip to low 0.01s this time around , However low 0.02s are pretty much given at this point by slow bleed. Keep in mind debt is not the only issue here, company is still losing millions of dollars even after decent revenues, which is also declining by the way since they have less assets now bc. they sold many assets as a mean to getting rid of employees(they had way too many) and pay off some of the debt. Next Earnings will be crucial and i will update the plan based on the company's numbers
I believe everyone here long enough know my accuracy on this by now
Once again , good company ,but wrong time. I wouldnt recommend anyone touching this above 0.025 ,at least. But that's just me, what i do know, right :)
Keep in mind though , any large or multiple contract announcements or a significant development , news like Munro is arrested :):) , may mess up above plans quickly. So use it with few grains of salts. Regardless though i will let everyone know when(or if) i start a position
Anyway good luck all , even though luck has nothing to do in this specific case
munimi
:)
