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Told you I was right when they told be 6-8 weeks, October is 6-8 weeks away!
Longs are trapped and there is no way to get out with the huge dilution going on and the fact that the company is not following thru as promised witnessed by their lack of visibility being provided to shareholders. It Doom-and-Gloom in TBEV pennyland!
lol, probably will never receive the news they let us to believe was coming.
I agree with your ORCA, its a scam, they are diluting 2 billion shares, and they lie to shareholders.
No, I asked and they said it will be available once they complete their Production run and make it available on their website.
The lack of a follow-up PR, which is long overdue, is scary longs away. Confidence erodes the longer they go without showing that can do what they say they will do. Jeez, they stated they started a production run over 2 months ago, so did it really happen or was it just hogwash?
Dilution and no news coming out for weeks or months spells disaster!
and the beat goes on, and on, and on, and .................
lol, a 20 minute rally and it already fizzled! Only concrete news can move this significant, the rest is all just intra-day manipulation.
People are losing faith because to date, they have yet to come thru on any promises. They spit out a PR, then go silent for many months, only to repeat the process again. This time they must deliver a product very soon or else its dead!
I guess we'll just have to sit here for 6-8 weeks with no news hoping it comes to fruition, otherwise I'm sitting on big losses.
FYI - the e-mail I received back from the company earlier this week said they are anticipating distribution plans to come to fruition in about 6-8 weeks, thus I think until such news is released, it will be range bound around .0016-.0030 or so.
easy come, easy go!
I love Shiner Bock, one of my favorite beers!
Who would be crazy enough to sell now at these low prices? Most of us are waiting for the big run when it goes back over .01.
yes indeed!
are you still short glong?
yep, it will slowly drift down to about that price over the next few weeks or so, assuming no positive news is released. I made the mistake (again) of loading up too soon, now I have to sit thru the pain of watching it sink each day/week that the company leaves us hanging.
Just need some good news from the company to ignite it!
TBEV's motto - silence kills! Without expected updates from the company, we languish!
guess the daytraders took profits? Back to square one I guess.
seems like they do this, or widen the spread, when volume dries up, need more buyers hitting the ask going into the close today to keep it green.
Should get another good push into the close today, their has been heavy accumulation the last few days and news could hit Monday morning or anything for that matter to drive this thru the roof.
Going green tomorrow! Only question is how much?
yeah, heavy volume the last 10-15 minutes, about 15 million shares. Also, the stock usually moves up on Friday's.
Sorry, ain't gonna happen. And the news wasn't what was expected and we probably won't get another update for a long while, thus the price will bleed back down to .0014-.0016.
It might not close green today, but expect a rebound later in the day. Most know that news is due any day now and they don't want to be out the morning it hits.
It's about the news that is coming any day now as a following up to their June PR.
Buy the dip if you haven't yet, its moving back up (currently .0045 and rising). Bet it closes at .006 or higher, everyone knows huge news is due at any day now.
Yep, and its difficult to place a fair value on the stock/market cap when they have no revenues yet and all we have to go on is updates from the company when they decide to release them. Its mostly just a crap shoot and thus timing entry/exit points is critical. I do not like holding stocks for heavy losses, I usually cut my losses quickly, but I rode this puppy 7 weeks watching it bleed off and it started to really piss me off! New next week will easily take this to .01-.02, depending on the news, but without news its anyone's guess which way it will go and it will be a wild ride with much volatility (like Friday).
I sold some and am currently holding 1.5 million (which were purchased at .0016). The painful slow bleed that went on for about 7 weeks was draining me, my frustration was mostly with the company for not following up (as promised) on the early June PR. However, I am extremely thankful for the rebound that occurred on Thr/Fri and I am using this as a learning experience on trading these OTC penny stocks. The key, as with any stock, is about timing and I initially bought in too early (never chase a falling knife). Now lets sit back and hope TBEV continues to rock this week!
Yeah I stayed away from DNA*, it died out and TBEV exploded. Both had great returned Thr/Fri, now we need some good news from TBEV to keep the price moving the right direction.
You are way wrong, this news came out weeks ago, the 8K was released later so it will have zero effect next week guaranteed!
Old news from weeks ago, where have you been?
Great job Cad on digging up what was behind the pop Thr. & Fri., I like to make decisions based on data and you provided the explanation for the pop. I took some profits yesterday and flipped some shares, still holding 1.5 million which I bought at .0016 a few days ago. Trading these pennies is a wild ride, I was down almost $7k over a 7-week down slide, then made that back + $7K profit in just 2 days! Next week sure will be interesting, still have not got the followup news that we are all waiting for and if it comes this week, the PPS will easing go over .01, if not to about .015.
current resistance is at .004 which is the 50 DMA, we bounced off of it already. If we can break thru it, then we are looking at a really good run! I don't think it will penetrate thru it without news though.
Generally the move begins before the big news gets released, thus I am anticipating news tomorrow or early next week. I may by back the shares I sold today at .004 in the low .003's.
Golong - I sold 1/3 of my position at .004 today and I am riding my other 2/3 position till news comes out at which time I will decide what to do. Glad to see the pop today, I'm now back around breakeven on my overall investment in TBEV (was down almost $7K).
Maybe further dilution?
yeah, MRIB shows much more concern about their shareholders and they provide regular updates on progress.