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Solid day here. Many more to come.
CPSL
Anticipation of custodian termination is my guess. FOMO. Should be fun from here.
Nice day here. Let's keep it going!
Next week should be more interesting here. Today's chart looks like a carpet lol.
CPSL
Stupid people be stupid. Anyone in this stock right now should be well aware of what's coming. If they're not, they don't deserve their shares anyway. I'll take them. I'm sure many others are just as willing to do so as well.
CPSL
lol right? #OTCmindset
Great post.
www.oddballstocks.com/2020/09/wsj-sec-bolsters-safeguards-against.html?m=1
In this regard, the Commission may consider, among other things, securities that have an established prior history of regular quoting and trading activity; issuers that do not have an adverse regulatory history; issuers that have complied with any applicable state or local disclosure regulations that require that the issuer provide its financial information to its shareholders on a regular basis, such as annually; issuers that have complied with any tax obligations as of the most recent tax year; issuers that have recently made material disclosures as part of a reverse merger; or facts and circumstances that present other features that are consistent with the goals of the amended Rule of enhancing protections for investors, particularly retail investors.
You're correct. CPSL will NOT be affected by this rule. Pink current expected any day. Merger will complete before this deadline. Besides, there is an exception to the rule for reverse mergers anyway. Looks like SEC is trying to get non reporting pinks to start filing. Reverse mergers are the exception due to the nature of the process.
In other words, we're good here. Golden, even.
CPSL
Creeping up. Looking good here.
What's this post in reference to? Thanks.
KAVL
Whoever has 1.2M on the ask: go ahead and just whack the bid if you want out so bad. Give us another round of cheapies to load. Come on. Do it. I dare you.
Sometimes the merging company has to prove itself before the price really takes off, as was the case with KAVL. Revenue and catalysts early this year drove it to $3+.
CPSL
Look at the six month chart and how the 50 day MA is moving very steadily up and acting as support. Then when you're done doing that, look at other Moody plays and how they go up, stall, go up, stall, then rise quickly with material events. Rinse and repeat. This is heading north and I'll see you at a dime this summer.
CPSL
L2 clear for takeoff.
Berk in the house. Welcome aboard.
I prefer the slow burn. It'll get wild down the line. In either case, up is where we're headed.
CPSL
This looks ready to go
Next week should be interesting as we climb back towards 02. Ten more market sessions until June 1st.
All the time in the world for this one...
CPSL
I think the symbol change hype and short term traders that came with it have all left the building. We're seeing the beginnings of the next leg up which should develop nicely going into June 1 and more of those holding now know what's coming soon.
I agree. I think we're in a very good position now. Always good to shake out the weak hands.
Have a good weekend, everyone!
CPSL
Because the market, especially the OTC, is more emotional than rational.
KAVL
Whatever company merges in will bring value beyond the current market cap and increase the share price above current. It's a safe play as far as I'm concerned.
We saw this last Friday too. Looks like sellers take Fridays off here.
Ask super thin right now. May see a blast towards $2 if it stays like this.
Agreed. Should see steady movement up towards June 1 hearing.
Trips? No. Went below a penny into subs for a minute? Yes. Bound to go incredibly higher? Absolutely. I loaded up more.
CPSL
Pretty thin back to mid 1s.
Yeah that's what I was thinking. Just do it in a PR like they did last May. This stock is on life support right now.
KAVL
Yep. L2 looking beautiful right now. I think the impatient have left the building and sold their positions. Up we go.
Thinned out. Might bounce into the close.
I'm happy if it only gets 5% of the way there, $0.50+. Larger share structure needs a big company to fill it out. These prices are a joke!
CPSL
Just saying, they could have said "significant increase" in revenue but they chose the words "tremendous augmentation". Those are two powerful words when talking about revenue. I sure hope it's way more than 60 and in the neighborhood of 100.
KAVL
You're probably right and I'm worried how the market will react to it. Let's say it's 60, then they'd need to average 150 in each of the next two to hit their own proposed target. Remember this?
These developments (as detailed in recent releases) will result in a TREMENDOUS AUGMENTATION of the company's revenues going forward, Q2 and beyond. Furthermore, current visibility gives management confidence in Q2 2021 revenues being up 300% on a year-on-year basis.
I capitalized the words there but it's from this PR:
https://www.prnewswire.com/news-releases/kaival-brands-q1-revenue-resumes-upward-trajectory-management-reaffirms-2021-revenue-guidance-301227810.html
Exactly. The 50 day SMA acting as perfect support. This is trading exactly as it should.
I seriously hope this next Q is $100M+ or close to it. That SHOULD put a nail in the coffin of the naysayers. Obviously Niraj thinks $400M on the year is still on target so I'm guessing they're expecting some massive revenues from BidiPouch and all the newly added distributors and POS locations.
Crazy that we're even down here again. Expecting a nice run towards $2 EOM as earnings approach. We've seen this happen before, unfortunately.
KAVL
Many have to learn the hard way, DSherm. Shout out to the sellers that that helped me add to my stash today. Thanks, guys!
:)
CPSL
Grabbed some of those cheapies myself. But the company is moving along at the speed these things move along. June 1 hearing coming soon. Nothing's changed or been delayed.
CPSL
The market is never rational all the time. It's driven by humans and humans operate on emotion. That's why it's down.
CPSL
Exactly. People tripping. All but one stock on my OTC watchlist is red. Profit off impatience here.
CPSL. Watch and learn.
Well, I just added at 013 and added to my stash.