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The amount of outstanding shares increased in TWO months is staggering!
February 16, 2021: 129,793,650
April 9, 2021: 314,964,827
So they pay off some debt, who cares? At this rate, they might have a billion shares outstanding before the end of the year.
As I've incessantly mentioned, unless there are some changes, IMHO PSRU is going to probably be a 2021 tax write-off for me. Bummer!
You stated " 867K hail mary buy .0115 >" - that was a "pump" to me as the current price is lower than the so-called "hail Mary" price.
Also, I would like to be proven wrong about the dilution. I'm 100% correct that dilution has happened the past few months.
I've been investing in "pennyland" since 1996 (that's 25 years). I know a thing or two how these stocks operate.
Sounds like "Pump" to me.
I prefer a more fundamental analysis of this company - which isn't too good now with all of the dilution.
The "jig is up". Many now know how this company (CEO) operates.
Unfortunately, this stock is looking more and more like my 2021 tax write-off. IMHO its not even a long-term hold with all of the dilution coming.
I understand debt is being paid down but with all the dilution, it will take extraordinary revenues for valuations to justify a higher stock price.
Oh well.
MM's can "shake down" to .0001, that's where I'll scoop up some shares.
As I have been incessantly stating, this stock more and more seems like a tax write-off on 12-31-2021.
All the news is "hot air" IMHO. The share dilution however is real and tangible.
I wouldn't be surprised if PSRU hits a billion shares in the float by the end of the year (maybe even before that).
This company is flat-out ridiculous. Shareholders have been "played".
More "useless" news...LOL.
I'm beginning to think, come 12-31, this will be a tax write-off, unfortunately.
That's what it seems to me as well.
Hopefully once COVID-19 is (mostly) a thing of the past, more people will be going to sporting events such as ABA games.
IMHO a lot of people don't know about the ABA as well so brand promotion/marketing is important.
Why would ANYONE short this stock when the upside is limited and the potential downside (losses) are huge?
IMHO this stock is currently heading where its supposed to be - @.0001.
I'll be waiting there.
Problem is it keeps on expanding. 220 million can become 300, 400, 500 million in a heartbeat.
This might unfortunately be my 2021 tax write-off. Fortunately I've had some positions in other stocks which have done well which I can offset.
I'm tired of their hype every week. The bottom line is until dilution stops, the stock will not go up.
Clearing debt however increasing shares by tens, hundreds if not potentially billions of shares won't do anything for this stock.
I see them issuing more shares then performing a "reverse split".
Ugh!
Doesn't look like my order at .0001 is going to get filled today.
I'll wait because we don't know what management is going to do. If it goes up, well, I'm good there as too because I'm invested at .025.
I believe long-term in the company but the constant dilution has been worrisome.
No its not...LOL.
Exactly. Its irrelevant to what's happening with USRM.
USRM is going the direction of the court rulings IMHO.
You are simply hypothesizing. New owners may have deep pockets or they may not.
You can hype this stock all you want - just make sure you don't "pump" and make false statements which can land you in trouble with the SEC.
This company has been "bought and sold" many times before.
This ticker gets "bounced around" quite a bit.
I've been here for many, many years, I've seen how this ticker "works".
Like I said, we have choices and opinions. You have yours and I have mine.
Given the past history of this stock, my chances are as good as anyone else.
Maybe you'll have opportunities to get some .0003's, some .0002's and some .0001's...I'll happily join you on that one (.0001).
Fingers crossed.
Lets hope so. PSRU can use some good advertising and good news.
With sports venues starting to open up, hopefully there will be some traction which will help drive revenues.
My main concern is still the dilution.
Don't forget David Hasselhoff as well.
PSRU will go up when they stop "printing" shares.
Until then it will IMO stay at these levels.
I try to filter out all of the "noise" - which are a lot here on these boards.
We knew a couple of things at least:
1)USRM has a good chance of winning its court case.
2) We know that NorthStar Biotech Group and USRM Board Members are to reinvest in USRM.
To me, that shows confidence in the first and that USRM will move forward as a viable entity.
Good morning everyone!
Sounds good to me.
Sounds good to me!
Someone usually knows something so hopefully they are picking up shares on that.
Regardless, I'll take an upward movement in price on heavy volume any day.
I wonder if there is any news?
That's your opinion.
You can hype and pump the stock all you want. At the end of the day, it will go wherever. You say up, I say down. We'll see who's right and who's wrong.
It still doesn't explain my comment on Post#57186 however.
I find Acc./Dist. indicator to be more of a secondary indicator and less reliable for penny/sub-penny stocks.
Go back from December 2016 to February 2017. One will see (almost) the same "accumulation/distribution" pattern.
Stock did nothing.
Volume patterns on penny/sub-penny stocks many times give false information or at the very least aren't representative (many times) of which way the stock is heading.
If you believe the stock is going up then more power to you. I'm going to wait until EEGI comes down to MY price point.
You haven't shown any PROOF.
There are levels of speculation and "price discovery". I don't see EEGI having anything solid in terms of fundamentals.
All speculation on your part.
Nothing else to be honest. EEGI and USRM (another penny stock) are really the 2 penny/sub-penny stocks I invest/trade in.
I'm invested in USRM (at a much lower price than it is now). PSRU is the 3rd but I have a small token investment in it.
Other stocks (primarily NASDAQ, etc.) which I want to invest in have gone up way too high for me.
I'm waiting for a pullback.
I'm chilling.
I've traded EEGI profitably over the years and I'll wait until the price hopefully comes down to my buy orders. If it takes off before filling my orders, then I guess I'll miss the train - that's a chance I'm willing to take.
I'll take my chances.
...and 4's. Hopefully we'll see 3's, 2's and finally 1's so I can pick up some shares.