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I am, and it doesn't. Loans stay on the books, assets don't increase
Net income will increase with a decrease in interest expense though
Big ol 25 million buy that caused the initial jump
Looks like this bounce was caused by a single large buyer. Might go back down. Closer we get to the rumor date the less likely this will be to go back down.
I have other plays I'm more interested but I don't advertise stocks on other boards. Yall enjoy your play, but I personally am not willing to deal with the risk of a large issuance of common stock for any stock.
No, any increase in common stock not in reserve are bad for shareholders. That's just finance 101. Your shares are now worth less. I was hoping the company - despite its low cash balance and cash flows - would manage to pull off these expensive acqs without issuing more common stock. Unfortunately that didn't happen. I'd even be willing to bet that Vik tried to avoid it given his previous promise not to dilute or reverse split until after September but was unable to work out any other deal.
If it was easy to call all the highs and lows everyone would be a millionaire in the OTC market. I would of made 45,000 instead of just making 21,000 here.
When you reply to someone they get a notification straight to their inbox I don't even have to go to the board lol.
Stocks are for making money, not holding
Issuing of common stock is always a loss for current shareholders
Do your thing then lol
This was my primary fear, funding the acquisitions with dilution. I'm out
I'm at 125,000 at .014 and seeing what happens.
Posting a lot isn't going to make the stock do what you want, up or down. Nothing's happening so nothing's happening on this stock right now. Big surprise.
My average is .141 so it's all green for me. I am concerned about people wanting to play it safe after their recent time in the red and selling off at .3 but I've got enough wiggle room to watch and wait.
The entire market was overvalued
Should we ignore that the climb to .025 was also on a huge OTC market bubble?
As far as non-emotional goes. . . this ain't it chief.
Why would it reach $5 when it was .5 pre-pandemic?
Seems worth the risk. I'm in at .15 with some recently made profits. Best of luck all
No one's out to get your precious stock; there is a rumor that something might happen over a month away with no immediate catalyst. It's frankly not surprising that it couldn't hold onto its share value. No zoomers or money markets are attacking your stock; it's just behaving naturally. It happened literally a month ago; it just happened again.
Relax, set your sell orders to Good for 60 Days and walk away.
Can we trim the front page here? It's so much to scroll through each time.
I'd wager, but a lot of people holding out for late June probably a good part of the reason behind the climb as well
Merging with sleepbox is for June, I believe this recent run is because their website is launching Sunday.
The new ticker is making it harder for me to easily get 8ks or investor sentiment, being a branch of the Federal reverse and a Mexican Coca-cola bottling company. I get that they couldn't get FOMO but I'm not super happy with the alternative.
Just a small reminder its been at this price before, but hey I'll enjoy my holdings doubling on a Friday while I wait for June lol
Well I hope whoever bought 10,000,000 at .035 pays off for them. Can't imagine risking that much on an OTC
I don't think I've ever seen a price this volatile without cause. Only times I can think of are social media rumors of a buyout or merger
They should of prepped a meaningful 8k to go with the ticker change. It was an event that they literally knew was coming but I guess they thought the name change alone was enough which. . .lol
Whatever gets you through your day
This is what happens when you overhype a meaningless event like a ticker change and surprise surprise a non-revenue catalyst doesn't generate meaningful change in share price, people who bought in on that dream bail
Ticker changes don't change business models. Not a meaningful change at all.
Seemed to be a broad OTC market thing
So far they've only delivered unaudited 8Ks. There are no assurances that Vik isn't lying about sales orders in the OTC market.
Granted, I don't think he is otherwise I wouldn't be holding, but you should always be highly skeptical of any OTC stock.
It's fair to be skeptical on the OTC market though. There's like 0 punishment for lies down here. I've experienced it first hand on other stocks
Uh any basis for that at all??
The fact that we had a run on old news (convertible debts being cleared) shows how uninformed people really were. Hard to get actual news through to people when so many others are shouting NEXT MEME STOCK every five minutes about every stock.
Lots of OTC stock green today, even some absolute jank that shouldn't be up. Think the OTC sell off is finally over
Not a start up
10K for 2020 due in next 48 hours.
CEO doesn't know what a meme is and thinks it funny lol. Probably looks up to Musk and wants to be hip with the kids like him