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When PR drops it will pop over .0010, after that who knows because STXG and BLAS are still here. I hope ASCM shows up because that might help the price continue higher if there's enough volume from retail.
CEO: "Our share price is bad, so I want to tell you guys we plan to make money"
Someone is buying and selling shares to themselves LOL, 500 million traded but 0 movement, so obvious someone is trying to gain attention to the stock. This is good but so scammy.
Of course the stock is down about 60% from where it was just a few days ago, so I have a sizeable position in case it doesn't go lower and to flip some if it has a little pop.
I think the O/S will update soon showing more dilution, and the pps will go to low 0020's or maybe slightly lower for a day. Then it will rally hard.
The last run from ~.01 to ~.10 happened right after the O/S updated showing massive dilution.
Back to Pink Current
OTC updated 2 days ago with no shares added to the O/S. Again you always complain about toxic notes and dilution but it's incredibly small dilution over time, they are netting almost 4 million per quarter and the market cap is only about 6 million, this might be the safest, best investment in the OTC and all this time it's staying under .01 it can break out big.
Another $3m+ net revenue for 1 quarter plus O/S updated with no dilution = me buying another 500k at .01 tomorrow.
Right, it did skyrocket! Making the current price even more ridiculously undervalued.
Couple corrections - pps, and I meant to say support.
At the previous low, we were at 650k market cap. With the most current round of dilution that just updated, we are now at 900k market cap (@ current .0027 pss). This can drop another 25-35% to find resistance at that 650k market cap before going up. My bids will be in in the low 002s
Right, I could care a little less if they sold another property for 10 million (100% above asking price) because that would not move the stock price much at all. All that matters is that he is able to get the stock pink current, then other things matter.
Sept 30 last year there were 30m shares outstanding. June 30 there were 18m outstanding. The constant dilution over time has wiped out 100% of investors, only short term traders have any interest here anymore. That's why the market cap goes so low, there's way too many shares adding all the time and not enough buyers.
Exactly my point, most people don't know the dilution is so much worse over the past year. The O/S was 40 million just a few months ago, so it has gone up 300m or about 600%. Before that the O/S was much lower, and should I mention before the reverse split they did? The dilution is insane constantly, more than any stock I've ever seen.
Their dilution is through the roof compared to other stocks, never seen anything like it.
But there's a lot of people that don't know how much dilution there has been and still is consistently, which is why this stock has a nice rally not long after it makes a new low every time. It's a great trading stock if you just wait for new lows. We hit 002's as I thought, now I'm not sure if it'll go back down to 002's before a rally. Looks as if there was no dilution on the most recent update on OTC markets so that might be fueling some buying here. Watching closely for MM's to run this up.
Updates are coming
You should just trade Nasdaq or NYSE stocks, they are audited. OTC companies are rarely audited, if they are they are on OTCQB. This is a Pink sheet stock, if you don't like the fact there is no audit, why are you here? The fact that this is a pink sheet and unaudited is already factored into the price.
You think that's a lot? LOL
Doesn't the company now have over 2 million in cash after selling the Rolling Dunes property? Seems like if he spends it to help the stock like announcing some share buybacks or convertible debt payments, etc, we can fly to .01 after we are current. Hopefully all that money isn't just re-invested in property or land.
It's going to run very soon
Exactly.
3% is very little dilution, and expected increase because they dilute small amounts over time so it's expected and should be priced in. In fact since the dilution is so small maybe the PPS can move up now, since we can see even though they increased the A/S by 300 mil they only add 22, and earnings are coming with likely incredible profits again.
Doubled down @ 0006
Until the pps goes up 200-300% it won't be a dilution scam anymore LOL
Update: We continue to work. More updates coming
They are very very far away from a profitable quarter. There has been no indication of moving towards profit, no change in profit margins, only an intention of increasing the profit margin in the future but that will not make them profitable until AT LEAST next year.
I saw no indication of this moving up.
100% agreed, unbelievable. Almost seems intentional in order to the get stock price lower or some scandalous thing. I emailed several times the past few weeks and not one response (regarding unsolicited quotes) and then expert mode.
However at least he acknowledged in this tweet he's alive and aware of the EM status and I really have no worries or doubt now that he will regain Pink status promptly and the pps will return to at least where it was. Hopefully this week. After that I may begin to liquidate or hold depending on if he does anything else for shareholders other than return the stock to pink.
Yea no idea what he's talking about.
Yea no idea what he's talking about.
Yes, and buyers will come to this stock, but only when the buyers have extra money.
As long as the S&P / Dow doesn't go back to new lows, should be in good shape. The only way buyers will come back to OTC is when they have money to buy.
0006 now
A news release will be provided
next year...
More updates coming
Mine is based off a consistent history for this stock
Maybe a slight rally before inevitably more dilution and silence from the company brings new lows (0020's I think)
Updates are coming
Really? Which broker are you using?
Market is having a nice recovery after losing DJIA 30,000, S&P up 75 pts, OTC markets having lot of green and money is flowing in right now. Maybe this is why this stock is having some recovery today, looking good for a continued rally.
Exactly, and is true with many OTC stocks right now - you can justify the value of the company based on just one thing alone such as assets to market cap or earnings to market cap. Looking forward to entire OTC bull market, they all go up as they all have come down.