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Ace, I am a shareholder, but if from here to after the first week of September the good press release is issue it will stay on the run way and the stock will drop to 0056, maybe even lower. I called .006 and it dropped to sick, I called .0056 and yesterday it hit .0059.
They need to come out with a good press release and it the stock starts moving it is because they will it will come out, but by the time it comes out I am out with my profits.
By the way, this engines posting, you really this it has engines LOL, just my humor.
I don't pay attention to what the pumpers post and though I use the runway figuratively speaking, it appears like some here really think it is a plane with engines.
When it comes to penny stocks, I invest with expectations of the price of the stock rising due to my research, but with the understanding that most likely I will lose it all. For a while I posted what I am seeing in the chart and I have been correct. I stated that if no good press release is issued you will see .06 and I was correct, yesterday or early today I said expect .0056 and so far it hit .0059. I will say this, I will cash in .21 to .30 cents and just a matter of time, but we need first a good press release to be issued.
It appears that I am reading the chart correctly, I said it appears to be heading to .0056 if a good press release is not issued.
I understand what you are saying and please understand me that I am not batching the company, I have a position in the stock, but I am weighing the situation carefully, which is why it is important that they post a good press release, otherwise, we will have to wait until after the first week of September to see where this company will stand.
What's behind the numbers for Ironclad Encryption Corp... https://glenrockgazette.com/whats-behind-the-numbers-for-ironclad-encryption-corp-irnc/100627/
Article have to be written on the company because IRON cannot furnish a good press release. These articles that are written appears to be repetitious.
As a shareholder the question I ask you... what is so great about this 10Q? I do not see anything new but a summary that goes back to 2017. Yes, they might have a next generation product, but remember it is said that a generation is about 40 years, shareholders will have to wait 40 years.
I invest with expectations, but with penny stocks one can also expect to lose it all. I have been correct in the way I was giving my analysis based on the chart and I was correct in my last week post, yesterday it hit 006.
Yesterday, I said that if a good press release is not issued I see the chart as indicating it will go to .0056, and maybe even lower.
The price of the stock will stay in the runway until after the 1st week of September, then if nothing happens I will then make an official statement to this board, this plane was just gliding all the time without engines and I will parachute out because I do not see IRON go any place for a long while. The chart looks beautiful, but it appears they are more excited of getting patents than contracts.
Instead of hyping the stock, be honest as a shareholder and post the problem with the company, weigh the company fairly.
Again, as a shareholder, under no circumstances am I batching the stock, just weighing it fairly. With all the patents they have they still own 100% of nothing, just like us shareholders.
You and me, or just me was correct? Last week, I posted that according to the chart I see .006, didn't it hit .006 yesterday? Yesterday, I stated that if they do not send out a good press release I can see it drop (according to the chart) .0056, will I be correct?
The problem with this board, many hype the stock. This stock has been on the run way for a while with engines and won't get into or above the clouds unless a good press release is issued.
The beauty of the chart is that while on the runway, the RS-Momentum is still over 100 and the RS-Ratio still 94 plus appearing as if the RS-Momentum is dropping to take it up with it, but a good press release will be what will allow this to happen, otherwise, I can see it drop below .006, I was right last week, it hit that today and I will be right again. At .0056 I will increase my position.
My message No. 14846, below is part of what I wrote...
From the chart, if they do not come out with a good press release this month IRNC will continue to be on the runway until around September 7, afterwards it will be interesting, but if no press release is issued expect the stock to hit .006 and I am not saying this badmouthing the company, neither for it to drop or for me to increase my position, I am weighing the stock fairly and carefully and this is what I am seeing.
It appears like what I spoke will materialize.
Here is another hype by News Planets... https://newsplanets.us/buy-this-and-sleep-well-at-night-ironclad-encryption-corp-otcirnc/
Funny the way you put it that some baskets might be bigger than others (good humor).
It appears that your average price is .012, but you are losing practically half of your investment, aren't you? Watch your basket, the moment you double your investment sell half, take your initial investment out and play with the profits.
https://nbonews.com/angi-homeservices-inc-angi-reaches-8-24-after-3-00-down-move-ironclad-encryption-corporation-irnc-shorts-lowered-by-97-67/
Ironclad Encryption Corporation, through its subsidiary, InterLok Key Management, Inc., develops and licenses software technology that encrypts data communications. The company has market cap of $949,436. The Company’s encryption products prevent hacker attacks by providing perpetual authentication for communication sessions. It currently has negative earnings.
Another recent and important IronClad Encryption Corporation (OTCMKTS:IRNC) news was published by Livetradingnews.com which published an article titled: “Darkstar Ventures, Inc. (DAVC:PK) taken the market by storm – Live Trading News” on May 13, 2019.
If it hits .50 cents, I will send some of you guys a nice bottle of wine (seriously), but my target price is .21 to .30 cents a share.
In my opinion, people are not losing their interest, they are probably weighing this company truthfully and feels they will go no where as their investment is being laggard. The way I see it, unless they issue a press release it will stay on the runway another month allowing one to sell it, try making money on another stock and in 3 weeks position themselves once again in the stock. Since I am in this stock until it makes me money or I lose it all, I will not sell.
From the chart, if they do not come out with a good press release this month IRNC will continue to be on the runway until around September 7, afterwards it will be interest, but if no press release is issued expect the stock to hit .006 and I am not saying badmouthing the company, neither for it to drop for me to increase my position, I am weighing the charge fairly and carefully and this is what I am seeing.
What I do not understand, what is holding them knowing they have a good encryption security product.
By the way, the 10-Q means nothing to me, given a comprehensive report of a company's performance that must be submitted quarterly by all public companies to the Securities and Exchange Commission is not what I am looking forward to, I am looking forward to them getting their products to the market and licensing their products, do deals with reputable companies.
So, why get excited about the 10Q, when it's just a comprehensive report of their performance. Bottom line, they better start issuing positive press releases without using words that they themselves are not sure of.
I invested in this company hoping that the price of the stock rises, but with all awareness that I can lose it all, so I am willing to lose it all because of hope.
Be truthful and stock fabricating lies that you want to believe or hyping yourself up like this stock will skyrocket, which I understand it is your hope.
I am not specifically talking to one individual, I am just trying to open the mind to weigh this stock truthfully, and yes, they have patents and a good encryption product, but with nothing appearing to be happening would be negative.
I am not talking about them executing a reverse split, I was conveying that it won't happen because they would have to file it 6 months prior to trying to get listed on the OTCQB market.
As previously stated, for IRNC to get listed in the OTCQB they would have had to execute a reverse split 6 months prior to submitted the application, the fact that they didn't, they won't be listed on the OTCQB, but as stated and to my recollection, the OTC Market at their own discretion can make an exception.
To my recollection, the OTC market can make an exception at their own discretion and allow IRNC to enter the OTCQB without the minimum bid of .01
I was correct in the week of July that I stated it would be interesting and it was, but as stated if no press release we will continue to be on a runway. Today, I stated what I am seeing on the chart, giving it to after the first week of September, unless a good press release is issued.
The way the days are flying one need not to be impatience for a press release to be issued.
Important to know that on April 16, 2019, after the period ending March 30, in other words, the complete ending of the 10-K, which was recently releasedin the annual report, McGraw, president and CEO OF IRNC stated the following... “our patent portfolio is one of our greatest assets and "WILL SERVE AS THE FOUNDATION OF THE COMPANY'S SUCCESS FOR YEARS TO COME" (future expectation of its products).
It could be the reason why they submitted an application to be listed on the OTCQB, they want to get the funding, probably from institutions.
One of the requirement to be listed on the OTCQB... a minimum closing bid price of $.01 must be met for each of the last 30 calendar days. In other words, either the stock moves to .01 cents or the company will execute a reverse split, but with the amount of shares outstanding (low) I don't think they will execute a reverse split.
In addition and to my recollection, in order for a company to execute a reverse split to get on the OTCQB it has to be executed at least 6 months prior to applying for the OTCOB, which they have not done. Now, if they are applying for the OTCQB without a reverse split then the OTC Market waived their bid requirement at its sole discretion (it's possible), which could mean that the news that will be coming out will speak for itself causing the price of the stock to rise nicely without a reverse split.
Read the previous post. In my opinion, I believe the price of the stock will rise between .21 and .30 cents. It could go higher, which is why I will just sell half of my position when the price of the stock rises to my target price.
Take a look at the chart, IRNC is still on a runway and will continue until after the first week of September, unless there is a good press release. Also, look at the RRG, the RS Ratio was going up while the RS Momentum was going down, now is going back up. I previously stated that the RS Momentum appeared like it was going down to take the RS Ratio up with it which is important... Stock chart
Read my earlier post, IRNC will continue to be on the runway until after the first week of September, unless they issue a good press release.
With 300,000 and with the float they have is no way they will reverse split unless they are interested in the Nasdaq to get institutions to invest. As for a buy back, with that low outstanding shares I cannot see a buyback.
Sorry, I did not make myself clear, the amount of the float, but Sean Portman cleared it up and you probably did, but I did not see float when to sent me the URL.
If they get the encryption chip on the phones we definitely will see a type of QUALCOMM company, but not go up like QUALCOMM did when they came out with the phone chip.
So, what is the total understanding shares? to my recollection, the total outstanding shares were about 300,000,000 with a low float.
Do you have any idea what is the float?
Regarding a reverse split, I am responding Sean Portman who said, to his recollection (if correct) they need to have a pps above .01 for them to have the certificate valid. In my opinion, with the low outstanding shares and float I do not think they will execute a reverse split, but if they do it will probably be 3, 4, or 5 to 1, which will not be bad because with this ratio I think they will issue a good press release causing the price of the stock to rise.
A reverse split will get the stock over .01 cents, ultimately hurting shareholders.
With the way the chart is looking, unless a good press release is issue, I cannot see that stock moving until after the first week of September. It is currently under the cloud, but close to it struggling to get in the cloud.
What I like is that the RS Ratio is slightly going up and the RS Momentum appears to be going down to take the RS Ratio up.
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I wouldn't even worry about the drop it is still on the runway, remember SHMP, it was on the runway for a long time before lifting off.
What is beautiful is that though the RS Momentum is dropping but still over 100, the RS Ratio is increasing is now 93 plus and if it goes above the RS momentum it will take the RS momentum with it then you will see the stock lifting with new highs.
According to the chart that I am looking at live, unless good news comes out, the stock will stay under the clouds for a while. August 19th through the 26th it is possible to get into the cloud and go over the clouds with a good press release. At the present moment the cloud are too heavy for them to enter. But, I will say this, the chart still looks good, still on the runway the way it was moving all week.
According to the chart that I am looking at live, unless good news comes out, the stock will stay under the clouds for a while. August 19th through the 26th it is possible to get into the cloud and go over the clouds with a good press release. At the present moment the cloud are too heavy for them to enter. But, I will say this, the chart still looks good, still on the runway the way it was moving all week.
Correct, and thank you for clarifying that, I should have informed him of that.
RS = Relative Strength, I amnot talking about a reverse split, which I do not think they will do.
This stock is on the runway appearing like it will rise above the cloud, but I see this happening between the 19th - 26th. The RS ratio appears as it will go higher than the RS Momentum which will be a plus, but I do not see it this week unless news comes out.
I have been talking about IRNC on the runway for about two week. Not to mention, the RS Momentum is over 100 and the RS Ratio is now over 90, next week will be interesting.