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Wow someone really wanted out. $0.069 exit. Let’s revisit that move a year from now.
Amazing that someone would dump 5,000 shares onto the Bid with such a wide gap. Why not walk down an Ask to close that gap?
Congrats to whomever got the cheapies today. I’m back on the bid looking to dollar cost average down.
I don’t think anyone is dumping. That would cause great more downward pressure than what we have seen over the past 6 months. Only 7 times we traded over 200k shares. This is clearly not a flip stock unless you are playing for $50 at a time...good luck there. The volume of bid sitters is at an all time high. Makes this a safe play for those that can be patient.
Can you provide proof of additional convertible shares outstanding?
Hard to believe that this real company is valued at $2.7M. Real product being sold and approaching profitability. Heck there was a mechanic shop near me that just sold for more. Unreal. I guess no one believes in long term investments in the OTC.
Access to additional investors and/or a buy back are the only two things that will raise the price. Profitability will bring the buy back. Hopefully the CSE will bring new investors. I wish they would do a little more promotion for the new technology. I’m not saying to spin it out of control but they gotta get someone excited.
It is strange when someone wants to sell 30,000 shares and they put them for sale under the previous day’s close when good news hit the street. That just never makes any sense to me. Why not ask $0.105 instead of under $0.10 and make an extra couple hundred on the exit???? Crazy!
This Q is enough to hold us above $0.10 for CSE listing. Good job Rossi, keep up the good work. The day we see our covers selling at Walmart or factory on a top US brand is when we will all be rich. Might take a few more years but I’m willing to wait it out.
How did someone get shares in the 7’s? That is crazy. How can my orders get jumped like that? Granted it was only 2000 but still. I’d drop the AON if I knew I wouldn’t get screwed in commissions every day.
Why does everyone think that Rossi would slap the ask for the buyback? If he is smart he would take half of whatever amount is approved and bid sit at $0.10 for now. That creates enough stability for Canadian listing. Save the rest as ammo in case someone can/does short this beyond belief. That’s what I would do.
Any news would be good news. I just don’t get how people can call a pennystock a scam for eternity if management changes out. A shell is nothing more than paper until a new business idea is made public. I am excited about any news for this ticker. Holding my lotto ticket but not my breath. Just being real.
IMO it is manipulation of the candlestick to hide from technical analysis. I can’t prove it but I’m searching for software that would allow me to filter out this type of trade to get a better view of the chart. Anyone have more experience in this area that can point me in the right direction?
Which big seller? $0.0145?
That is why you cannot use technical analysis in the OTC. Candlesticks can easily be manipulated. I wish there was a free tool that I could use to strip out the manipulation on both sides (top and bottom). Set some sort of share quantity threshold which would exclude those from the chart.
While a buyback sounds good, I would prefer to see all money put into filling purchase orders. I really want to see these covers in my local US stores. If not on the shelf at least advertised. Let’s get that deal done before locking up money in shares. Keep them cheap for us to keep accumulating from those that think the sky is falling. And please don’t spend money on PRs when there are other free mechanisms. Rossi is doing just fine...
Nice filing. Great growth, inventory down, receivables up. Margin of just over 24% is ok but not great. Would like to get that to 35%. Hoping economies of scale continues and higher volume can lead to move negotiating power. I am curious if he is pursuing a Mexican manufacturer? Seems like that would help lower shipping and expedite the process but not sure where wages/quality is compared to China. Anyone know if the trade war will have a direct impact?
If that 100k bid at 72 would slap the ask we would be off to the races!
Got some 75s, thank you!! Back on the bid at 5
I just don’t understand how 0.071 shares were exchanged when I am willing to pay more with my bid. Shouldn’t the MM be required to fill my order first? Or do us small fish get the shaft again?
You could copy and paste that same message across thousands of OTC stocks. If you can achieve economy of scale on your sandwiches that reduces the cost below $1 then you may eventually break even and maybe even grow a brand that is worth far more. Sound familiar????
Send an email to Rossi. Don’t take the word of anyone else. Ask him what he plans to do with his shares. Ask him what trading account he has them in. I won’t tell you the response but I have already asked and I am content with the answer for now. Also review the previous conference call if it can be found. He admitted that the company may need to raise a certain amount of capital each year but to me that was a modest amount. Not what I would classify as toxic dilution.
The big next step is for Rossi to prove that he can maintain order volume. It is great to ramp up fast but far too many of these micro caps cannot sustain. Anyone know the plan to sustain market share once we have it?
MM signal. Has to be.
Why wouldn’t Rossi hold the patent news until after the RS in order to bouy the price in the short term? He could have followed that with CSE and we could have staved off a post RS selloff. Oh well! I’ll take another block on a selloff.
I feel ok about the PR. It tells me that we are within reach of 1% of the market share and that Rossi is targeting 25% of the US market. I’m a little worried about how production can be increased 25x to get to 2,500 units per day. I mean any supplier or manufacturer is going to say that they can do it but I’m still not sold that everything can come from China. I would love to hear more about other regional supply chains. Mexico would interest me because it can get here a hell of a lot faster. I’m guessing shipping is a significant cut to our bottomline.
Looks like the seller either took an early weekend, overslept due to excessive drinking or they are out of shares. Could be go time!!
Anyone venture a guess how long a lawsuit against ZC for the fake 8K will last? My guess is that this moves only after the 8K is taken down legally.
There will likely be big blocks available at $0.015 all week. There was heavy accumulation last March in the same range. Those are likely our scared/frustrated investors that are jumping ship. I look at it as an opportunity so you won’t hear me complain. The dreaded RS is a bad word in pennyland but the value drop that it is typically related to is more correlated to toxic companies. This share structure can and hopefully will support it with the news of increased revenues.
Got another block. Thank you for the discount!
Death spiral complete. This one got me good. So much for hot sector when the mgmt team sucks! Lesson learned.
Back on the bid. Excellent opportunity.
I’m still here too. I just have a day job so can’t post daily. Saving up some coin to buy more if this drops back to 2.
These “endless 1’s” will end any day. Most likely there are terms for the shares exchanged over the past two years which may have had limits which ended. Once those shares trade hands then the perceived endless shares will end and this one will fly. If you are patient this lottery ticket may pay off. Odds are far better than the Poweball or Mega. You have to know your own risk tolerance though in the OTC
Any news of a business plan can take us to $0.0003-0.0005.
Why are you arguing if this is an investment? Any stock you buy is an investment which you hope will appreciate. The stock price does not matter. I have investments at $0.0001 pps. Some believe it will appreciate and some do not but that is still an investment.
Back earlier this year someone was able to track that container of product coming in through the port. I don’t know how that was done but can you please do that again. By my calculations we should have another load coming through anytime now if not recently. Thanks in advance!!
That would need to appear on pages 3 and 4 but according to those pages the share structure did not change over that quarter. Doesn’t mean they won’t sell shares in the future to fund business. That is pretty much the norm down here.
The June Q has to be wrong. Page 2 shows net income of over $200,000. No way they had $380,000 in interest income. Who do they have putting this together?
The debt has not been converted yet. Since the note amount has not changed that leads me to believe that only interest has been paid in shares. There should have been an increase in the outstanding shares but I don’t think that is shown. So while they have over $500,000 in cash assets they still owe almost $500,000.