Monday, November 06, 2017 9:06:43 PM
A bounce like this normally means dilution. For the past two years like clockwork, the stock goes up for no reason or based on a press release that never happens, then hundreds of millions of shares are added to the total count. Each time the promotion bumps the stock less as the weight of all those shares weight the stock down.
In 2016, the stock was low float, but in March 2017 the share count soared above 600 million. With no SEC filings, the share count could be well above 1 billion shares today.
Perhaps, this is the last pump in 2017 before the authorized share count finally goes in the billions officially. This aligns with the delays and stop sign notice on filing the SEC paperwork.
For a quick flip, I would suggest getting out on .0013 and leave the promoters holding the bag. The lion pride is all over this one.
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