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To each their own. Everyone has their opinion
Tesla has split multiple times too and just did one like a month ago as well. So sure
Thats a common misconception so agree to disagree. Analysts will tell you that market cap tells you what a business is really worth or the “true value”. That’s simply not true, because market cap only gives you a piece of the story. It’s very important to understand that the price of a stock is not necessarily the value of a company. Market cap is a reflection of what we would pay today to own a piece of the company. But this price is not the true value of the business. If we make market cap the only metric to determine whether or not we invest, we are letting the market price of the business tell us what the business is worth, instead of using all of the data available.
I am still positive and good spirits personally. No new news to my knowledge good or bad. Waiting on DA like everyone else lol. PPS will stay in this range or lower most likely until then.
Very well could be.
IMO Market Cap is fickle and is inadequate to value a company because the market price on which it is based does not necessarily reflect how much a piece of the business is worth. market cap does not measure the equity value of a company. Shares are often over or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares. Apple has a 1 Trillion Market Cap vs Tesla's 400 Billion Market cap. By all right's Apple should be trading much higher than Tesla if you went off market cap but that is not the case and is the complete opposite.
Absolutely! Anyone that does not take the political environment into account for any stock is doing themselves an injustice. I always take that into consideration regardless of what I am trading and investing in.
@Mac2014...Based on the players involved, the current Covid-19 hoopla, the IT/Medical field industry and judging off past successful RM'S/Shells, My valuation IF (Can't emphasis the "if" enough) DA/RM happens, my valuation is, has and will remain the same. If PASO can have a successful RM and land in the ballpark with some of the top RM'S in the past, my guesstimate is $15 PPS-to-$50 PPS. Could go higher or could never make it out of penny land. Some people think I am dreaming and smoking meth and maybe they're right but I stick by my valuation. If DA is signed and RM is a go this ticker will shoot up fast because that's how RM's work. They're Ricky Bobby fast!. The PPS range I am guesstimating above will happen within a few short months after signed DA/RM.
Below once again is a link for anyone who wants to look up past successful RM's and make their own predictions. My valuation is only a guesstimate given the current situation with the market, the players, political and economic environment, COVID-19, and ballpark estimates of past successful RM's. Does not mean it will happen but, as I have said before in past post don't sell yourself short and don't underestimate the potential of this RM. Again if RM even happens. There is no reason to think currently that RM will not happen but we are rounding end of "Early Q4" with no news or updates. If we don't hear something by Friday this ticker will most likely drop back into normal levels trading in the 0.02's until positive news breaks.
https://investorshub.advfn.com/Reverse-Mergers-7308/
Wallet Investor is a joke. I wouldn't trust that for anything as their predictions are crap and always changing. If Wallet Investor was legit I'd be a millionaire 2 years ago. Let's just say according to Wallet Investor, PASO was supposed to hit $90 PPS over a year ago. Don't trust Wallet Investor it's a bs site that wants your subscription so they can send you stock tips.
I have Schwab and still have my initial amount of bonus preferred. So no change to mine but will keep looking out just in case.
I will take it. Fridays have a history of being good from time-to-time for PASO
HAHAHA. NICE. Me and my fellow PASOnians in 45 years
Agreed. Probably more of the same tomorrow.
You call him. Pretty sure 5 days ago you tweeted on JG's post you believe RM is not happening. So not sure WHY you even care.
https://twitter.com/JoeyGonz11/status/1317105532243742720
What Augster said. I saw it myself and can confirm this. They literally spelled it out.
We wouldn't need to do anything. RH traders buy anything so long it is in the green lol. Reddit is the extent of most RH traders DD. But yeah a post on reddit with some rocket ships attached at the end of "Buy PASO" couldn't hurt and would surely do the trick hahaha.
hahaha I thought you were serious. I wasn't going to say anything but was laughing over here. Yeah RH is worse than zoom meetings with Jeffrey Toobin. #MeToobin
I don't blame you. I trade with Schwab and I don't have a value in those shares either. To my knowledge Robin Hood won't let you trade PASO or any OTC stock. So just imagine what this stock will do once it hits a Robin Hood pps that will allow it to be traded. All those Robin Hood investors jumping on board. It would be a good thing.
I have seen on this board from previous posters concerned about this that "they" heard from their brokers that this is just a place holder for now and that is why there is no value. My best guess on this would be there won't be a value added until DA is signed and RM is a go. DA might not be enough to put a value there and we will actually have to wait until the actual RM is a done deal before we see the true value in those preferred share place holders. I did not convert so I am just speaking on the bonus preferred shares I received for my every 5,000 common shares I own.
I personally try not to react to it. Sure I love to see green as much as anyone but the majority of us if not all of us know or at least should know, that without news of DA this ticker will bat between the 2's and 4's. 10 days before "Early Q4" technically comes and goes. So hopefully we get something in these next 10 days. If not then I guess we are waiting longer than "early Q4" haha. Hold what you got, load more if you can and just be patient. GLTA!
I am happy I could help bring a laugh or two yesterday.
You're picking up what I am dropping Roofus lol
It's trending lol
Franks and Beans!!! #MeToobin
That is what I started thinking this morning. Makes sense in my head. PASO is last but certainly not least on CLX's "to-do" list
No worries. I was not trying to be a d-bag about it so apologies if I came off that way. Just trying to be as accurate as possible for everyone's sake. So initial bid to my understanding has to be $5. So an open at $5 but it could tank to $1.00 minutes later and stay in $1 land indefinitely and still be listed on NASDAQ.
"Initial Minimum Bid Price for Stock on NASDAQ: The stock must have a minimum initial bid price of $5.00, and must later remain at or above $1.00. This requirement serves as a safeguard against certain market activities associated with low-priced securities, and protects the credibility of the NASDAQ market".... According to the intrawebs
HAHAHAHA. Not kidding... I sold 45,000 shares of PASO before RM news ever hit then it jumped to 0.16. Did the same with another stock I hold that has not done a thing since I have had it about a month ago to buy more PASO. Then it jumped double in price a week later. I suck at this stock thing lol
It really is hahaha. I was expecting news already but we are all still in the dark at the moment. It is not fun but nothing we can do except wait it out. The second you sell your lot will be the moment you get the news you have been wanting. That is how it goes for me at least lol
I really can't say because I do not know. I agree there is no excuse but, then again I do not know the reasons behind it. Because there is no excuse, my best guess is there is more going on behind the scenes. Even though they are late and have a yield sign going they don't seem to be worried. If it was a blooper or just some minor mishaps with their filing and was not intentional then the filings would have been completed and fixed quickly. Especially if you have a DA/RM in the making. I think there is something going on behind the scenes that we do not know about and the filings are late because they want them to be. Not because someone F'd up, they are lazy or incompetent. The late filing feels intentional at this point. But i really don't know lol. Your guess is as good as mine.
I try not to speculate too much or concern myself with Tweets. BUT everything with delays and CLX putting a hold on RM is starting to make sense. It feels like (And I could be wrong) that CLX is locking up all these things and getting all of their ducks in a row before signing the DA. Many have said, "DA is a simple process and should not take that/this long" and I would agree. But perhaps it was put on the back burner because it is a simple process and everything else is more complicated. You have CLX doing all these great things but they still aren't a public traded company. So If I had to guess, which is what I am totally doing, I would guess that CLX is knocking out all of these things and essentially checking off their grocery list of things that need to be accomplished before DA/RM can happen. Once all of their ducks are in a row DA/RM is the last thing to check off. PASO could very well be the proverbial cherry on top of a monumental sundae. Just my thoughts.
That's exactly it. PASO has said time and again to be patient and that everything needs to remain confidential to protect the deal. But like you said, "people are impatient". I'll keep saying it, "Flippers will flip and shakey hands will shake". I will be patient until there is definitive reason not to be. And that would be my advice to anyone with any doubts or concerns.
But they also said, "Target Date" which means "tentative" to me.
I am feeling confident if only because "no news is good news" at this point. I am loading what I can and holding what I have until DA/RM news. PASO has kept their word thus far so only reasonable to hold out for the news we are all wanting. Q4 is Q4 and "target dates" are not set in stone. Just playing the waiting game. News can drop any day now and hoping sooner rather than later we get that news. I am overall confident and not reacting to dips(except to buy) and just happy we are above 2's and 3's at the moment.
Doog mentioned he won't be posting on here/back until RM news drops. Can't blame him. Very little can be said that hasn't already been said. Just playing the waiting game right now. We all know the deal and what is in the works. Just have to wait it out and hope for the best.
Me too!!!! Good luck to you!
Agreed. Better than I thought it was going to be Wednesday. I was thinking mid to low 3's on Wednesday
Not sure I answered your question but I will probably pick back up my million shares and call it a day. Whether it is at 0.0005 or 0.0002. I originally bought in knowing this wasn't doing much but I have faith in the solar industry long term. so was planning on holding until 2025. Sold most of my shares for another stock out of FOMO for that stock. Another one that jumped after I sold a large chunk of my shares lol.