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In truth, NOTHING is "driving this up"! In fact, the MM's pick-out at least ONE of these every day now for weeks --- and then they themselves send it flying UP! (And that's a FACT, Jack. Anyone can score big with these nearly every day. But, one must grab them a little LATER each morning.)
Yes sir $$$$
Should see $5-$6 next week!
Up 300% on massive short-covering on canceled toxic finance news
Cancellation of offering IMO going back to 52wk high load up $$$$
What's driving this today?
Up 133% on massive short covering
Blue Hat Interactive Entertainment Technology Terminates Its Previously Proposed Shelf Takedown Offering
XIAMEN, China, June 22, 2022 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“BHAT” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, announced today that it has determined not to proceed with the previously announced underwritten public offering of its ordinary shares and pre-funded warrants. No securities were sold pursuant to the Company’s shelf registration statement on Form F-3 (No. 333-249056) in connection with such previously proposed offering.
About Blue Hat
Once the company/stragglers are done selling back to .15 it might be a buy based on low float share structure
okay push the button again and divide by 10 I am ready.
so now to be a stupid man and buy my share back in multiple of 10s until i get fat so when they convert. we all square not round.
stupid ass premarket got me hard and i could not let go of my erection. damn should have jumped at 1.65. oh well average still at my entry if i falls below 1.40 i am out.
The fact that they dont show total share counts after rs in news is itself a red flag?? Imo
For the Years Ended December 31, 2021
Net cash (used in) generated from operating activities - continued operation $ (22,284,750 )
-From the latest financials
https://www.otcmarkets.com/filing/html?id=15821665&guid=STawkagUSLwfJth
The selling of shares back down to .15 will replenish the company’s cash on its balance sheet.
Gap created by the split will fill at .15 cents then maybe a buy
BHAT DD
1. Growing earnings - next report has been pre-announced, we are looking at a 70% year over year increase
2. New Distribution deals - signed several deals with hundreds of school systems
3. Competitive buyout - late last year they bought a competitor, increasing their market share
4. VERY low P/E of just 5.6, will be even lower after the amazing report drops later this month
5. No cash issues - they did an offering just last month
Overall a very undervalued, growing, and profitable company.
* * $BHAT Video Chart 03-12-2021 * *
Link to Video - click here to watch the technical chart video
Huge potential for $BHAT
hold the lines
$BHAT is undervalued worth minimum $3 or higher...
in $BHAT @ $1.28 today...
Hahah who is always selling at the lows?? Panic selling it’s called - bad luck if it goes upwards again
Alerted BNGO @ $1.36, ATOS@$2.25, now BHAT ...
Great fundamentals, particularly in Q3 and the big jump there. Increasing interest from hedge funds up from 0 to 3 recently if I remember right although you may want to double check if it matters to you. They will certainly be in soon if they aren't already.
Price will go up soon ... this company has a huge profit margin. Despite still growing in a new industry, they're already GAAP net profitable, but are still using small amounts of debt to help it grow. They also have an increasing stockholders equity both year over year and quarter over quarter. A recent but finished capital raise has them well capitalized for the future. An offering was done due to the nature of the business in a developing AR toy market in connection with that raise which again is now over and was only just under ~$8M worth of stock.
The Nintendo Switch already uses the same Racer technology (not sure how its different or the same,) to offer a toy that you can buy in the store and then race around your house as if it was a track ... along with a downloadable Mario Cart Racer game. I don't think they are buying a similar tech from this company but I would not know. I do know it has potential and AR toys are certainly going to be a big part of the near future (now,) and this is a company with great fundamentals and a growing profitability without massively diluting investors that's gone down quite a bit since it recently had an IPO and it has a lot of future potential. You rarely find a company with these kind of fundamentals let alone at a price as cheap as this, especially considering its gone down since the IPO until very recently it started to reverse following very good news which proves the company will be growing significantly year over year- at least one would assume based on the current market.. let alone where it may grow to in the now.
So many people who sold would need to to cover - that’s pure fun
Bhat gtc @ $1.87 :) should hit this week lol.
on snap BHAT undervalued $3+ next week
Small traders are selling and the big ones are loading. Ridiculous.
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