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Excellent post.
Those "flippers" at .0002 are going to be there a long time based on reality.
How about folks who were buying multiple 10's of millions of share blocks at much higher prices? Were those the "dumb" ones? Many penny stocks have folks buying large blocks at .0001. It is not unique to this stock, nor is it a sign of a big group "knowing" something that others don't.
There are several folks who buy large quantities and dump after a tick or two. Happens all the time. If this ever gets back to .0002 or .0003 or higher, just watch all the shares on the ask that suddenly appear out of nowhere. It's what happens when a stock dumps shares at .0001 or lower and is leveraged with toxic financing.
How many "bucks" do you believe it will take to push it right back to where it was at the start of yesterday? $50? After yesterday's "big gain", the stock is now trading at a pre-split price equivalent of .0000035. Go baby!!!!!!
LOL. You're gonna need one. This company puts out a lot of toxic waste.
Have you seen anything filed, communicated, or shared this year that would lead you to believe that this will turn around anytime soon? Now it could, but it appears unlikely at this point. That is not being hard...just realistic.
Good for you Sal. You have a good chance of being farther ahead in the long run by dumping this one and putting the money somewhere else. It is what it is and doesn't appear to be changing anytime soon.
He is Risen Indeed!!!
That's ridiculous. This ticker didn't fall because of negativity on a message board. It fell because the CEO ran it into the ground with false claims and dilution. Now folks appear to be a bit wiser...not all, but most.
You too Sal. Hi is risen indeed!!!
Glad he is treating you with kindness and respect, and happy that you are now making progress. This is not about his heart, it is about his ability to run a company that he has chosen to take public. That brings along with it certain responsibilities to shareholders. If he can fulfill his responsibility to you as a patient, then he is a good doctor. If he can't fulfill his responsibility as a CEO, then he should step aside and turn that task over to someone who can.
You're a good man Sal.
The report due is a yearly report (10-K).
It is a pinksheet company. There are no SEC requirements for annual meetings for companies trading on the pinks. In fact, pinksheets are not even required to file with the SEC. You are attempting to apply a standard to this stock that does not exist. If you are hoping for an annual meeting, you will be disappointed.
Yep, and those buying at .0001 may make some money eventually.
It appears as if there will be plenty more available as long as folks want to buy.
Back up the trolley. It wasn't advice. It was a response to your comment about keeping your shares. Like all of us, you have no choice at this point, and what is happening with the dumping of shares is obvious at this point.
True enough envirogym.
When you state "enough with the doom and gloom", expect a response. In the case of this company, what you consider "doom and gloom" may be much closer to reality than you believe. If you don't like my posts, filter is always an option. Good day.
The only thing you need to know about penny stocks is MOST end up in this position. Invest accordingly...or in the case of these stocks, gamble accordingly. No Monday morning quarterbacking there. Simply stating reality.