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Not bad, +30% today. Could easily climb back to Pennyland next week.
DPWW Fall newsletter out today
DPWW Fall newsletter out today
Oversold with a small float
Newsletter out today
Just saying, I haven't seen this stock trend North in quite a while. It's a really good sign.
I was thinking this too.
Anyone know if the markets are making special provisions for companies on account of the pandemic? Letting some of the rules slide?
You missed what I was pointing out.
> while limiting additional DPWW shares from entering the market
If true, another reason to get the share price off of the floor. At $0.25/share or more, which is what this company is honestly worth, we're only talking about a ~24m share conversion. That leaves DPWW with a tiny float still.
“As a result of these ongoing efforts, Diego Pellicer Worldwide has less debt on its books and can build upon the company’s business model, while limiting additional DPWW shares from entering the market.”
https://www.globenewswire.com/news-release/2020/10/26/2114456/0/en/Diego-Pellicer-Worldwide-Inc-Announces-Reduction-Of-Institutional-Convertible-Debt.html
The company is doing a lot of housekeeping, like they're preparing for something. Feels a bit bigger than the merger they described in an earlier press release. Excited to hear more about what they are planning.
Could be dilution, but I don't think it is. We only just pinged .01 for a moment yesterday, and the company risks their QB market certification below that line. There's also too few outstanding shares for the company to even be considering a reverse split correction right now.
A better guess I think is that predatory day traders, short sellers, and algorithmic trading bots saw an opportunity in the morning uptick and tore the stock apart in the afternoon. In and out. These huge price swings are no good for the stock because they attract the wrong kind of attention. I don't exactly know what can be done about this...
Maybe if the company were to perform a 30-day buyback of ~10% the OS in order to slowly lift the price up? Trading bots swarm any time a micro-cap stock jumps that ~20% line in a trading session, and this stock doesn't have enough investor momentum to defend itself against that sort of attack.
Market cap below $1m? Really light buyout potential, if someone were so motivated. A lot of similar companies valued at $15m or more, even with the markets going crazy. Doubled my position today. Super undervalued stock that's bound to correct up when people finally notice it.
New email newsletter out
Powerful PR, here we go. The rest of the week should be fun.
> we are a professional team that is only considering growth on a profitable level. In other words, we don’t grow for the sake of growing. So, we try to bring some business discipline to the cannabis industry.
I'm reading this as, they don't plan to go into serious debt or dilute their stock like crazy for arbitrary growth. Profits first and stability in their financial model. Nice words for long-term investors.
Given current OS, SP should be $0.25 - $0.50 right now, imo. Comparing DPWW market cap to similar companies.
Series C preferred at $1/share. Common shares should be about half of that. Would be nice to see float update with DTC sometime soon. I think this transaction represents a fair valuation, though. Some extra cash for development in the new year. Great to see they're moving forward.
Once sellers take a break, this moves up. PPS has never been lower.
You have cool opinions.
[Press] DigitalTown, Inc. (OTCMKTS:DGTW) Surging On Restructuring Plans
https://insiderfinancial.com/digitaltown-inc-otcmktsdgtw-restructuring-plans
Looks like a lot of penny stocks are having a hard time today, and I have to wonder if it's related to OTC Markets quoting system being down this morning.
OTC Markets data stuck on yesterday for anyone else?
Days like these, I don't even enjoy being on iHub boards. I'll check back in later when jerks quit pushing the price down to "load up", and people quit panic selling as a result. I don't have the energy or interest today to explain how people are screwing up. Like herding cats.
We'll keep moving up, probably. Record breaking volume day, yet we hardly put a dent in the 6-month chart; a lot of leg room left, I think.
Possible. The stock traded .1 back in January.
200 MA is ~.04
Over 400m shares traded, holy crap.
Beautiful chart today.
Marked
Multi-penny runner, look at the chart history.
Easy run to copper.
This, right here. Exactly.
Look at that bid size, .0014 about to get demolished.