I’m just trying to figure this stock out. I’m new to the game. I just have a good hunch about this one. I know there are questions about if they will even be able to fulfill the $10 mil PO. I think with the revenue added by budcars, they will be able to fulfill that order. I don’t understand why the company would sell off their shares. Is there somewhere I can look to see if that is true or if it’s just speculation?
There are only 2 real possibilities here imo. Either Jimmy Chan is a flat out snake and liar, or they are not really selling their shares and diluting the stock. Those are just flippers who are selling as someone said earlier. Once the flippers are gone the stock will be more sturdy and strong with long term investors. I’ve got 3.8 million shares. Bought at .0029, so yes I have lost almost 2 grand. I’m in it for the long haul. I think by the end of the summer I will at least triple my money. AT LEAST.
I think with the announcements that are being made, the expansion into a huge market like L.A., the $10m PO, the increased revenue(budcars has a great opportunity here to expand while they have all this new revenue due to covid), I have no reason to believe that this stock will continue to go down. I think it has nowhere to go but up.
Prove this noob wrong