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Has nothing to do with the broader market. The entire market hasn’t been on a constant decline for the past 1.5 months like this ticker has. Bitcoin hasn’t either. The play here is to buy at a comfortable price and hold in expectation of positive developments being released at some point. However, based on the track record of the company’s lack of releasing news I wouldn’t hold my breath of that happening anytime soon.
Have to say I agree with you. Based on experience, they never run when people are expecting them to. Typically when there is a bunch of chatter on a play like this from people calling for an immediate run, they do the exact opposite. Once the masses get fed up, sell and move on due to the constant tanking they stop talking about it and then it randomly runs.
So don’t be surprised if this doesn’t run anytime soon. I’m all too familiar with these types of plays
Man, these computer algorithms we are up against are working overtime. No way to beat a rigged system, just have to learn how to play along
I don’t see this one recovering much until they bring their filings current or release some mind blowing news. Otherwise, just too much of a risk with the SEC cracking down on these non-reporting pinks
I think this one is facing downward pressure due to recent suspensions of similar stocks with no filings in a long time but have volume/price spikes. I would be careful here
HMNY*
No one mentioned HMMY? Took off just before close.....
My ETrade orders are not going through. Keep getting multiple error messages....
How is that lying if they have already distributed $600? $1,400 + $600 sure sounds like $2,000 to me.....
It clearly doesn’t take much to move this one, but can she hold her gains is the big question
Volume has returned.....
Also added .007’s and will add more if it goes lower
I’m not surprised at the drop. It was either going to happen today or tomorrow just after the open. That’s always the case with these types of runners. Next phase, sideways trading for the next few sessions before a reversal back north to new highs or a continued drift southwards....
Not happy about the OS correction. Not the first time they have done such a “correction”
No surprises in the filing. Pretty much what I was expecting....
Nice professional website, although I can’t read most of it lol
Any overnight news and it could easily gap $1-2 with no looking back
This sucker might blow here shortly....
Penny stock tip: NEVER buy a Tuesday gapper. Almost guaranteed to be in the red by 10am. On the other hand, best time to unload if you are holding a runner!
Yep, very odd but I’ll take it! Might get some news tomorrow
Yeah, even when using a PE ratio of 10 with the one time gain included it comes out to a share price of about $3.90, which would still be nice but a far cry from the $10-20 range many were expecting. This probably answers the question as to why insiders haven’t been buying. Keep in mind that they also want to amend the articles to allow unlimited distribution of shares to themselves. There currently is a yearly cap on this. I still have shares here, but have reduced my position after digging a little more
You are using incorrectly using Revenues instead of Net Income in your calculations.
According to the last 10-Q, it appears the Net Income was around $8.4M YTD thru Aug. This was based off of about $32M in Revenues over the same timeframe which came out to about .09 diluted EPS as per the previous share structure.
Question, what share structure are you using in your calculations?
Revenues should actually be slightly higher now with the new stores coming online
I personally would love to see the crooked mm’s knock it back to around .20-.30 on low volume. Basically you can then load up at the same price as it was recently trading, but with only a tenth of the shares. Would be a blessing. If they want to play games, then you play it with them and use it to your advantage
Not sure I follow your post. Are you referring to the OS? The AS rarely changes when a company does a R/S, but the OS does. According to the previous OS of ~55M (which was already low compared to similar stocks at this level), the company had plenty of room to dilute if they wanted to. Lets also keep in mind that the company has very little debt. This action simply appears to be due to to the desire of increasing the share price.
Go figure, less pumping over the past few days and it starts to move north. What a novel idea!
Hahaha, totally agree. They just regurgitate the same stuff over and over again while the bid gets smacked. I like the story on this one, but too many cheerleaders for my liking. Let the results speak for itself and the buyers will come
Didn’t become stubborn until the promoters showed up, which by the way have done a horrible job at generating interest. Let’s hope they run out of shares to sell sometime within the next decade. Also, is anyone concerned about the 20B Authorized? OS still seems low (though increasing) but don’t like to see an AS that large on an OTC stock
I liked this much better when it was under the radar. Too much promotion going on as of late, coordinated with many more shares available on the ask. I’ve reduced my position for now
Seems like someone is hell bent on keeping this from going over .04
Not sure but it gets gobbled up each time.....
This was being loaded in the .02’s. Should have never dropped after the great news over the past few weeks which tells me the low volume was used as a loading tactic. I smell a nice run coming....
I’m going to go with both
Well, I was off on the timing, but the direction of this pos is still correct. Was expecting this to hit trips by Aug 4th, but looks like it is holding on for dear life. Regardless, the inevitable is coming.....
This makes no sense. Why not just sell the shares themselves instead of getting a middleman involved, which would obviously add to the cost?
Unfortunately with no catalyst and relentless dumping, this POS has no bottom. Trips coming....
Down 50%, I assume you will disappear shortly after yet another stock you pump fails
34M on the bid, let’s see how quick it goes.....
No news, not touching it. Smells of a pre run up before an offering
Yep, and these huge bids get dumped into oblivion