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LOL....that's what I've been saying.
I "invested" in this based on the low float. Of course, we knew he RS'ed before and might dilute again however I didn't believe PSRU would be diluted so quickly and efficiently..LOL.
Tomorrow might be another dilution day...just guessing!
Fortunately I don't have a huge amount of shares however I am down.
As I've mentioned before, it might be a tax write-off on 12/31/2021.
We'll see.
I don't look at the float everyday however if what you have said is true then you might be right on the 500 million count.
While they have enough outstanding shares, we don't know the rate of dilution, etc.
Another 87,500,000 shares added to the float in the past day.
We are now officially above 1 billion shares (1,083,843,251 to be exact).
The dilution machine is running in overdrive. Now the question is will the dilution machine run in hyperdrive? Is another reverse split coming?
Life in the OTCBB, oh well.
While I've been stating a lot of dilution, I don't think they'll dilute that fast..hahaha!
On February 16th there was 129,793,650 outstanding shares.
Today, there are 996,343,251 outstanding shares.
For months I've been incessantly stating that there will probably be more than 1 billion shares outstanding before the end of the year.
Only a couple of people agreed, the other people here were calling me "uniformed", "you've probably never invested in penny stocks", "this stock is one of my best picks of the year", "this stock is going to skyrocket" etc..
Well here we are, at the cusp of 1 billion shares and we are only in September.
Don't be surprised if this stock sees another reverse split or further dilution. After all, there is 5 billion authorized shares.
Edit:
Here it is. Back in March I stated we'll probably hit a billion shares (actually earlier however this post is from March).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162910415
Quite possibly. These stocks are rarely for "long-term" holding.
That's a lot of money to put into one never-ending dilution stock.
I have about 100,000 shares and that's about it.
That being said, I sincerely hope this stock skyrockets and you do well with your investment.
Shares have been diluting continuously the past 7-8 months.
There are easy ways to verify that.
Dilution comes from management's decisions.
80 million in 3 weeks. 700 million in about 8 months with no end in sight. That's the problem.
Unfortunately, as I mentioned yesterday, there is still dilution.
There was 83 million share increase in the float just the past few weeks.
I would need to see dilution stopping for at least a few months before I have some level of confidence that dilution is ending.
Either that or management stating as such.
I would buy more if management lets us know dilution would be ending.
No dilution? What are you talking about? 87 MILLION shares were added just within a few weeks.
In 7 months, the float has gone from 130 million to 835 million..and you say "no dilution"...LOL!
Depends on the shareholders. Most of the common holders are getting screwed-over.
Speaking of getting screwed-over, looks like another 87.5 million has been added to the float from a few weeks ago.
Keep diluting..whoo-hoo!
I've heard this before with other companies.
The only thing I've seen here is constant dilution.
I'm glad I have a very small investment on this stock - and can use it as an easy capital gains loss on 12/31.
Stock has been diluted from about 130 million shares to about over 704 million shares in 6 months.
There hasn't been any dilution the past month but we'll see what happens.
I think this stock will be a tax write-off for me at the end of the year.
Don't you think going from about 128 million shares to about 704 million shares in 5 months isn't bad enough as it is?
Just how much more "catalysts" they need? They have constantly been coming out with "news" yet the stock goes practically nothing but down.
The only consistency is share dilution.
Wow, what an "amazing" chart!
I'll buy when prices dip by another 90%+. Would be worth taking an additional trade.
I'll probably add more shares to my existing holdings when the prices is <0.001.
Don't worry, they'll dilute it to over a billion then do a 1:10 reverse split again.
Thanks for the info, never knew that.
I've been incessantly stating that nothing is going to come of this until the dilution ends. That was 4-5 months and a few hundred million shares ago.
I still see this going down sub .001 and potentially a reverse split.
Nonsense? Last time I remembers, I've been correct the whole time.
What's your definition of "nonsense"?
I'm sorry to say but this stock has been trash at best.
At least they released all of the news at one time.
Thanks. At this point I guess I'll need it..LOL!
I understand your need to sell, perfectly makes sense. I plan on holding.
Good luck to you!
More dilution...eeks!
Outstanding Shares: 704,343,251 date: 07/18/2021
Unrestricted: 642,991,549 date: 07/18/2021
We're heading towards the billion share count even faster than I anticipated....yikes!
I guess for some people, "more is better"...
I wonder how the California Stem Cell Case is coming along.
Just learned about this stock literally yesterday (from seekingalpha.com). I'm looking into an entry point here.
I got this from TDAmeritrade (via tipranks.com)
"he Smart Score combines eight factors to provide a single TipRanks rating. The score is updated daily. 1 is the lowest rating, 10 is the highest."
VYGVFranks a 7 (updated daily).
Also this:
"Strong Buy is based on the overall consensus of 4 analysts who offered ratings over the last three months."
Looks like VYGVF will have to ride out the storm however this can potentially be a great stock!
Why bother posting? You'll probably be ignored.
This company is heading down the toilet and and the only way I'll buy more is if it goes down to 0.0001 (or close to that). This might simply be a tax write-off for me to offset the other gains I currently have.
I'm willing to give them until the end of the year to see what their plans are.
At this rate, their plans are probably to add another 500,000,000 shares to the float..hahahaha!
My bad, I should've said "where will it by the end of the week".
I figured maybe we can make this a weekly or monthly thing.
Regardless.
I do agree. If its heading lower the previous days/weeks/months, it will probably head lower in the future. Eventually it will stop though.
Since many of us are waiting (hoping) to see PSRU eventually go up, I figured we can have some fun.
PSRU is currently at 0.0055.
Any guess here where it will end?
I'm guessing lower.
Given how this stock has traded, there might be good reason to believe the note holders are indeed senseless..hahaha!
That being said, I'll give them more credit than most. They (probably) know what they are doing.
More news = more dilution.
Lately it really hasn't been worth the effort given how the stock is simply heading in one direction.