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oh sheet, so not just the stock is dead but the board is dead too. Thought i would check in and see what pump nonsense was happening, but not even that to look forward to.
BL*B, classic example of what happens in this new OTC market when you have forward looking news and are respectful to the market wrt dilution. Has almost 20x more float and holding above a penny, meanwhile.......LOL
One of the worst management teams i have seen here recently in the OTC.
not diluting to start.
that initial dilution on the lung flute news basically killed the stock. Been all downhill since because the dilution was just ridiculously aggressive. The OTC is struggling with liquidity so traders aren't going to spend their money on stocks that are just going to whack bids to pay bills.
The next news release needs to be very substantial, with forward looking statements that keeps traders interested, but given the AS raise the next release will be accompanied by dilution yet again, as they can't sell any shares right now because no one is buying lol, so there is zero volume for them to sell into.
Fluff news right after an AS raise? Yeah there is only one thing is coming from these idiots
Oh Look, AS raise for more notes to convert. Take good notes of who been telling you to buy while the dilution was blatant and ridiculous.
One of the worst management teams i have came across. What a waste of a perfectly good share structure
because......
lol, again, this is the otc, today was not big gains, not for a Stock that traded almost the entire OS trade 2-300% on the day, easily, not this crap action
yeah no, chart means everything and always tells the story.
THere is a reason why this can barely hold a penny, and something with a higher OS and similar float such as GA*E is trading and holding above a quarter. It's because their story is good, and this is not. Can't depend on OTC markets because the SS is updated only at the end of the month, so in that time period the only thing that is reliable is the story told by the chart. and again, this chart looks like crap
This is the point i am making for the people saying buy and hold this pos.
Trade it on the chart, market cap doesn't matter if dilution is more than the buying.
This is the OTC, if there is not a reason to buy you are shooting yourself in the leg screamung buy and hold because of market cap and price targets.
Only the chart tells the story and this is telling a sad one
Just look at the weekly, "they" that are pushing it down is more dilution.
retail does not trade like this. More than half of the "OS" traded and struggling to hold 30% gains. SMH this management team is disgusting.
Sad but as i said, with management addressing jack shit and just diluted since the last release, there is no confirmed bottom and stock will go nowhere until management shows the value add here.
Catalyst or nada is the name of the game in the OTC now, market cap does not matter
Yeah so traders also stay awayyyyy from these plays when it has no catalyst because the swings hurt them. So right idea wrong.
market
Rg*t is the perfect example of good share structure WITH catalyst, never dropped below weekly so no dilution, another huge difference when compared to this tool management.
Av*h is an example of a fatty moving 60% into close because there are forward looking statements so volume is coming in even on the bigger Share structure.
So no market cap aint worth nada in the OTC. All abt how management markets thr company and develops perceived shareholder value to bring the volume and interest. And not just whack bids like these idiots did on the last pop.
Market Cap?
This is the OTC, only dollar volume matters, and if buying volume < dilution it's going nowhere. No matter the stock.
Yes OS and float increased. And expected to increase at end of Jan, already seen t-trades this week.
Again i agree share structure is decent, but what is going to bring the volume? Only updates will
You 'shake the tree' long enough the whole dam tree falls, and everyday this inept management team stays quiet while dilution occurs, the more baggies they create who are 'averaging down'.
Since when is consistent low volume days and lack of buying interest a good thing, moreso while they still diluting?
When you have a management team that does not care to provide updates/projections etc to absorb conversions through market interest, this is the end result.
Share structure doesn't matter if there are no buyers. What is the new bottom? Is this it? Is this the "new load zone"?
Where exactly
I mean i hear you all on the price, but, this is not just retail shares being passed along anymore
Needs positive updates from company and to show the value add of lung flute so that there is more buying volume to take care of the current dilution.
Won't go anywhere before then sadly, and who knows how low it can go before then.
Well if they keep diluting like a pos then where is bottom. Excellent product and decent share structure but poor management team
Not to mention it's now below the price it started at before the news lol
Not shorts, they just did it dirty with dilution.
It is the first time in awhile cfgn isn't there so you wonder if they give it a chance to trade retail only today. Will watch to see. Still a decent share structure with a good business coming in so we will see how price action goes today
Real dece stuff.
Gm
Some real decey tweets this afternoon that's for sure
Outside of share structure, what's the good?
lol 10k shares in buys total all 0.5 and less? You still cannot move any substantial money out here unless you bid whack.
As i said share structure is a gem but it means nothing without liquidity. Whenever news comes it may become a good trade, excellent even with the SS, but Holding and hoping is not a strategy esp in the new otc. This is why the the otc is a struggle now, a lot of people's capital are locked up in shells holding and hoping and there just isn't the money floating around to move tickers that was here Nov 2020-March 2021.
Whole new game out here now.
Makes sense given there is no liquidity here and otc is seeing life elsewhere.
There is literally zero buying at the ask right now unfortunately.
Need them to be excited enough to trade it.
Tilton needs to tweet less and put out meaty prs more. Share structure is there for a massive run but this pr cannot be like the last.
Needs to have details of assets/revenues(projected revenues) etc so people can see the value add and want to buy in and more importantly hold.
Sign of a good stock is when you can move money out without having to dump into the bid at a wide spread.
This aint there yet but watching to see when they start this 'short term value creation' and i will happily get in with this SS.
Charting is never useless on any ticker. Supports and resistances may change quickly on tickers (positively or negatively) with news, but charting remains the only way to escape being baggy esp in this new world OTC.
Ideally the best thing would be to see that 8k today and the news tomorrow.
But there really is nothing else right now holding up so well in the otc at this point, shocked that this held up as strongly as it did and never really saw selling back into 0.2s.
Lol i do hope it comes soon, for who is already in and for the fun ride it could be.
But i will happily wait till whenever it does actually come.
Real shame they haven't struck iron here while it had volume. Definitely keeping on watch tho, but they are wasting low float mania in the OTC
Reverse merger basically confirmed in the quarterly. Very decent company as well. Just for the new company to start communicating via official wires
New twitter account up, they are putting things in place to get the show on the road
Do you use charts at all? Or just pump blindly wherever you go? That 2.80 support failing was a key moment, next real support is 1.96 and there is not enough buying pressure at this time to get any where near 5.00
Can only hope they take advantage of low float mania here, because there is nothing else happening in the market and people want fresh. Watching closely for any news for entry. No selling is good but no buying pressure/liquidity is a bit scary in micro floats.
Zero arguements from me here on that statement. It's just when and what price level will it happen. But when it does i'll def buy in.
Move fast both ways lol. So i rather pay a premium waiting than take the chance of waiting forever. Liquidity in the OTC is back to pre covid times so better be safe than sorry for me.