Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Boom! This is awesome news, it’s all coming together! Great job to everyone here on the DD, you guys were right. This is still so much under the radar....hopefully tomorrow we see big volume pour in. PPS should be multiples higher than where we are right now. I feel like this’ll be over $1 in the not to distant future.
We’re close to something big. Hopefully by the end of the week.
Very quiet here the past week, and on social media. Seems like the calm before the storm. Some solid acquisition news looks to be needed to bring volume in.
People complained in July when the price dropped to .005 because many thought the LOI wasn’t real. Then people complained when the price dropped to .008 in August after that July 31 “deadline” passed. Then people complained in September when the price dropped to .014 because we weren’t hearing anything. Now in October people are complaining with the price dropped to .024 because of not getting answers to questions.
It may be hard to see, but there is a pattern here. My prediction is at the end of next month people will be complaining when the price drops to .042 because of some new unforeseen reason :)
Still surprised people are selling down here. I had a .048 bid get filled end of day....I’ll keep adding under 5. Would love to see some news next week.
Thanks for sharing. I mean, that’s a good enough update for me lol. Not worried here one bit...
I don’t know how the process of paperwork is done in a deal like this, but I remember hearing people talk in other RM plays that snail mail had to be used....and it’s been delaying things big time. Same thing probably happening here.
Didn’t Brian say they have PR 4 ready to go, but they were waiting on something that was out of their control?
Today's sports trend industry is developing rapidly, and brand internationalization has become a major trend. In this environment, major brands have risen rapidly, and market demand in the industry has expanded rapidly with the continuous growth of cultural and emotional consumption consciousness; this indicates that the Chinese market is about to usher in a new era of trendy sports consumption. In 2019, the international independent sports trend brand DRYWORLD took advantage of the trend to enter the Chinese market, not only concentrated more powerful research and development efforts on products, but also injected new marketing ideas in the aspects of channel creation, innovation, and profitability.
https://www.google.com/amp/s/kknews.cc/fashion/gjxvn59.amp
A quick search online will give a wide range of numbers. Basically at this point it’s all a guess. Just piecing together the bits of information we’ve uncovered and given by Dryworld, that 20M number is realistic. They’re developing an augmented reality app...that’s not cheap. I think the China details we’ve found are the difference maker...if thats all legit, I say they’re doing at least 20M a year IMO. You’ve got to be pulling in a lot of money if you’re talking about opening 200 stores.
Thanks for sharing. I liked this part....
“we are likely to have a strong rally in oil stocks that will probably be partly generated by those with short positions being caught out and scrambling to cover”
Received an email back from McCabe today...used the new inquiry email on Maverick’s site and PR releases. No new info, but was happy to receive a quick response and confirm updated contact info.
Picked up a few more cheap shares today. Still not sure who is selling, but I’ll keep adding here at these levels and under.
The short percent is crazy, whoever is short they need to be very nervous right now. A lot of new people discovering MKGP, especially with the news...volume is going to keep coming in.
I got your PM but don’t have premium to reply. Thanks for the details, I’ll keep it private. Definitely feel comfortable with staying in this for the long term. Excited to hear more from the company, hopefully this week!
Very interesting. And these 10 shareholders are not selling, and didn’t sell this past week? Just trying to figure how much of the float is truly locked, and odds for a squeeze on massive volume.
About a month ago I looked at similarities between Dryworld and where Lululemon was at there IPO. Obviously there is a lot we don’t know about the scale of Dryworld’s business and specific numbers, but from everything I’ve gathered I think it’s a pretty comparable situation, but with lululemon at 10x revenue when they went public (again this is just a rough guess). LULU was around $16-$20 at their IPO and recently up to $400....and they have a pretty similar SS.
Using LULU as a comparison at the time they went public and what their revenues were (and dividing by 10 to give similar value), I believe we should be anywhere from .5 on the very, very low end, to $1.50 on the high end. No matter how you look at it, the .02-.03 range we’re in is extremely low. Can’t wait to see their actual revenue numbers once they file.
Lots of buying to end the week. Pretty big volume this week, over quarter of the float in volume. I’m just surprised with people selling so much for so low. .046 was on the ask at one point Friday?? I mean, is that someone just desperately trying to get out....or trying to push the price down? Idk, very confusing to me. I still see this as a great long term investment, so not really concerned with what happens here short term. I’ll just keep buying whatever I can as we’re still at ground level IMO
2 months of consolidation in this .02-.03 range sets us up really well for the next leg up IMO
Exactly. People can argue their own opinions about what the company may or may not be doing, but you can’t argue numbers and the SS here. And let’s not forget they are working to uplist to OTCQB. Shorts are in big trouble. Everyone hold your shares and lock ‘em up!
They’re working really hard to bring down the price. I can’t believe people are selling. If I had the funds I’d take all those .05s. We’re sitting at a market cap under 3M at this price lol. I understand there’s still risk as they haven’t revealed their full plans, but the potential here is too big to pass up IMO
LMAO, it’s been an entertaining day on this board for sure.
MMs triggering stop losses at the end of the day? A lot of buys between .08-.09 a few days ago and can imagine people set stop losses in the .04s.
Man, you all played your cards too soon with this bid support....I was hoping to pick up a bunch more in the teens lol! Oh well, I guess now everyone can truly see the demand here. Not much longer before the rocket takes off
A 10 bagger from these levels is very realistic...and possibly soon too depending on what the company’s got lined up and what details they share. A nice short squeeze would help :)
I agree with this. July and August the company put out lots of tweets and updates very often, and that helped drive price up nicely. If we got 2-3 big PRs over the next few weeks that would push us into blue sky territory and beyond with a lot of new eyes on this.
I’m just curious who is selling? Almost 1M shares traded the past two days...that seems like a lot of shares to short. Are longs here getting impatient, or not happy with the news released?
I don’t have a huge amount here, but I did pick up a few more at .06 today and now have a little over 1% of the float myself. Not even going to think about selling a single one until at least 4x from here. So much potential...and the price is just silly cheap right now IMO
Might we see a short squeeze here in the future?
Wow, big volume today! Looks like someone doesn’t want this to run yet though...
Noticed a few small changes to their website. Added stock ticker data and news section has PR area...currently empty, but something coming soon? :). Definitely seems like a lot happening behind the scene here.
Ok everyone, this is our week! Cheer as loud as you can so that acquisition news comes!! LOL
Agreed. I’ve actually been pleasantly surprised by the lack of selling this week. It seems all the impatient people are out and everyone left are holding shares tightly for the incoming run...good sign for this to move quickly.
Big volume coming in soon. Let’s see how much we get with acquisition news...
Their website is currently down. Getting an update possibly?
Symbol change to RIII on Monday
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
News came out after market close. Yet to see what the reaction will be...I think it will be positive :)
This feels exactly like around aug 10th when we dropped to the .006s because the July 31st date came and went and no one was hearing an update from Dryworld. What happened a week later? Hmmm....
I quickly took a look at the attorney letter...looks like the reason for filings having to be resubmitted was because of incorrect report of the number of shares issued and outstanding. The number was off by 10k. One small detail, but an important one...especially considering the buyback!
This is going to rocket on the next update. We probably have 10x the eyes watching this compared to when the last PR was released. Going to be awesome :)
When did they announce merger completion date? I’ve been in contact with Matt and the only date I’ve seen was July 31...but that was just for the definitive agreement, not completion of the merger. Definitive agreement was dated August 14, so they were only off by a few weeks with that.
It has been interesting to see how this has traded the past month. After the last PR I thought the news would spread, but it really hasn’t. Just being patient with this one...the amount information and new details uncovered the past month has me beyond confident this will be huge.
It does seem very undervalued. There’s just no buying pressure and a lot of uncertainty regarding progress of audited financials and when RS would take place. I’m keeping my eye on this one, but will probably hold out until after RS since it seems like that’s coming at some point in the future.