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Based on all the M&A news, plans and potential, the stock price under a penny doesn’t make sense at all despite the o/s share count. Not sure, why not many people are NOT excited about it.
It’s not completely MM’s fault either. Recently, TGRR increased the o/s share count significantly that contributed the dump. Hope that increase was for a good reason. Otherwise, we are going to suffer more.
Still their o/s count is good to go, hope it shines soon!
Probably, you don’t know the story of TGRR, BLUU and FTWS. These three are on the same boat for the same issue and going through the same process and may suffer the same fate.
Weird price action last few days!
BLUU moving nice but TGRR can’t!
7-billion is still manageable and does not warrant a RS automatic. Most 000 stocks are in between 4 to 7 billions and trading between 0005 and above. If I have to speculate, I would say the recent increase may be to pay the fees of accountants and lawyers in order for it to be current or something as these companies either don't have money or don't wanna pay from the pocket.
SS updated, no more dilution, good. If the previous o/s increase for acquisition and the there is update on the acquisition, it will fly!
Just DO NOT speculate an RS. I am sure you don't have a position here. If you did, you wouldn't say that. Don't scare people. Everything possible in OTC land. If you don't like, try other tickers, leave it alone.
RS is NOT a solution for them. They have to file first to be current. I don’t RS is going to happen before filing.
15 is coming soon!
Dollar land coming soon!
20s coming aoon!
20s coming soon!
Tomorrow 30s coming!
By Sep 30, it will be a dollar/share regardless how you calculate everything!
Soon everyone buying and holding now will be happy
Wallet investor prediction: The USNL stock price can go up from 0.000100 USD to 1.321 USD in one year.
Every now and then I buy a million here and million there at 0.0001. Always they don’t fill. I decided to slowly accumulate 50m to 100m shares, if possible at 0.0001.
Nothing to expect but if something happens at some point in future. Couple pf months before, one day suddenly it spiked to a penny, don’t know what happened but soon after it went quiet.
Is anyone else on the same boat?
This is good point. I do believe the restricted shares were issued for new acquisition but if it’s clarified by them, that would build shareholders confidence.
Also if there is joint statement by both companies as to the M&A, that would also alleviate any doubts. So far there is no reference of this acquisition in South American banks website.
PMBY has to be little more communicative and should file asap to become pink current.
If everything goes smoothly and the SS is dealt with properly, the way things are going, in the end, it may go to dollar land.
As for conversion, if it is common to common shares and there is no lock out period, then many will go for. But if it is common to prefd. and often either they’re not tradeable right away or there is a lock out period, then most smart traders do not choose conversion as they don’t want to get stuck, no matter what.
So they have to clarify whether it is common for common and whether there is any lock out period, which is normally two years.
Is there any hint of any RM or it’s a speculation?
Based on your long time experience with this, what do you expect from it? What will be the trigger? Going pink current or any other thing. Just curious to know your views!
It should already be in penny land. Not sure why it’s stuck here!
Nice close for a Friday. Next week will be fun!
Wow, they increased the o/s significantly. Hope they come out of freaking BK sooner rather than later!
I already have a very big bunch, just thought of taking out this 30m and help the price to move up. Will see how Monday it behaves!
Ok, I controlled myself, will see next day. I put 30m at 6, didn’t go through.
Being Friday, 60+ close would be great. Next week we see fireworks!
I am certain they will do something before September 28, they’re not going to let it go to CE.
It’s Friday, even if it goes red, doesn’t matter.
Seems going red
I am tempted to buy all 30m at 7, seriously. Just thinking will it be too much in one basket.
The price seems so good.
I think 224m is restricted (not unrestricted).
Does anyone have any recent talk/tweets/social media reference about ADTM? Anything? Thanks
One day it will be sunshine and everyone will be like wish bought all those cheapies.
OTC is always like that, when stuck, feels like garbage but when it jumps 100%, looks like diamonds!
It’s Friday, so may not happen anything big today but at least green is good!
Notorious, lol. Holding a large position for long!
O/s share increase was the killer: It's not whether acquisition news is real or not, it's the o/s share count increase news on Jul 6 made stock price started falling. Before it was 147m, now 497m (and AS increased to 1B). You can be on pennyland if your o/s is 147m even without anything but if you are touching billion shares, then you are going to be treated shit like this.
If the deal is right, the stock price will go up for sure and big time but if the news is fake, well then then they deserve to go even under a penny.
Most 5b to 7b o/s share stocks are trading around .0006 to .0009. So they are now almost 500m (and authorized 1B), ideally, they should be around 1 to 5c at most but due to the acquisition news, it is still between 15 and 20c.
I guarantee if it turns out the acqusition is fake and even if they go current, it will be about a penny or two if not a sub penny.
So the sudden significant increase of o/s share count on Jul 6 is the main cause of this sell off, people are not dumb, they understand the math.
Now prove that the acquisition is real, go current and go up or go fu ....k yourself, lol.
Anyone here? Broadcasting from all channels. If anyone is here, please respond, lol.
REMINDER: RushNet Closes the Acquisition of heliosDX which Brings Significant Revenues to the Company Press Release | ALPHARETTA, GA / ACCESSWIRE / July 8, 2021 / RushNet, Inc (OTC PINK:RSHN), ("the Company") is pleased to announce the acquisition of heliosDX was closed and effective July 1, 2021.