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To be fair, this was a turd on that day when I posted that. But as in pennyland, turds can be gold nuggets on any given day or week.
$50M market cap which is pretty reasonable is .025 area. I think we will see at least that in the coming week or two.
Think I'm just going to hold this through end of the month and not stare at the day to day action. See you guys sometime later next week. Thinking we should be at least .015+ by then, maybe higher if they release any details.
Looks like some sideways consolidation for now, which is healthy. Higher lows are what we’re looking for at this point.
Seems primed for a breakout tomorrow. Could see .02+ by end of the week if we get consistent volume and/or updates from company.
Sure is a stubborn support area but I think this time it breaks through. Either today or certainly this week.
If this breaks over .011, it should get a lot of more attention. Aren't they overdue for some sort of merger here? An update on that would really get it going and moving like some of these other shell mergers I have been watching. A*PT comes to mind.
.01 break, let's see if it holds this time around. Interest starting to pick up.
What the heck, picking some up here. Even I can see that the chart is showing a retest of .011 area very soon. And if these guys actually do have a merger, could run nicely given penny stocks have picked back up lately.
Relentless selling pressure on the bid. What a turd.
Cool story.
Obviously he didn’t get an email. Come on!
How have they taken control of the ticker if the merger isn't finalized? That makes no sense. Try again. Btw, nice profile. Hardly a month old. Haha.
.005s coming at this rate. Frank dropped the ball here big time on deciding to not announce who the merger is with.
Huge turd
What a turd
Still holding but not particularly happy about having to wait further to hear about this merger deal. They should have been more transparent about the process from the beginning. This additional step of share cancellations and debt extinguish just feels like the dangling carrot being moved a little farther out. Will give this through the end of Sept to play out otherwise will move on.
They need to announce the merger deal. Enough already.
The entire fate of all of Frank’s custodian tickers is going to hinge on the merger for ILST and how well or not it performs thereafter the announcement. Time to put up or fade into obscurity.
That remains to be seen. He has done things right so far with being transparent etc. But as to whether he has delivered anything yet, well that is still yet to come to fruition. If he delivers with ILST as the first merger to complete and it does well and is well received, then he will have set himself up for continued success. We shall see...
Yes, I saw that earlier. My understanding is that ILST is really the only ticker with a merger ready to go and waiting on upgrade to Pink Current status. This will be Frank's first consummated merger once that happens yes? Or am I missing something? If so, then pretty much everything for Frank is going to hinge on how good this merger for ILST ends up being. If it ends up being a disappointment, you can bet all his other tickers will go down the tubes.
That's why should you always keep some funds handy so when an opportunity presents itself you can be there to take advantage. I expect pink current status by the end of the week if not next Monday. Not sure from there how long it takes before we learn about the merging company, but it should start to recover some of the ground lost leading up to then.
Adding here. Fire sale is over and by next week this will be retesting .01 again.
Ah, looks like you're right. My bad. I don't follow any of his other tickers but I can see they have it on the OCLG profile now too. Thank you for pointing that out, saved me from making a stupid decision.
Unfortunately that’s what it appears to be
Exactly. They'll trade it back and forth until ready to push it to multi-pennies over the next month or so. Folks need to keep in mind that this won't run to .05 overnight. It's a process, usually a multi-week process at minimum. Gotta build a nice base along the way with pauses in between each new HOD, so that it's sustainable along the way. My guess is sometime in September this will be trading .03-.05+ depending on what the merger ends up being. I saw someone posting a theory it could be biotech involved. If that's the case, we could be sitting on a gold mine. Remember, patience pays.
Quietly churning through the sub .01 overhang, likely we push above .01 for good by early next week. Holding through announcement of the merger because that is where the real money is going to be made here. MMs will do their usual thing leading up then, as their goal is to separate you from your shares during the lead up period.
Seems reasonable, if not then, certainly sometime next week. I'm very curious to see what they have in store for this ticker. Will it surprise everyone and spark a multi-penny run?
Should see the rest of the filings start to post later tonight or tomorrow IMO if this follows the pattern for FCGD. Pink current status by mid to end of next week, followed by I'm assuming more information on the company that they will be merging in.
Should start to see a move up now that it's clear OTC markets is getting around to finishing their application. Would like to see this trading above .01 area before any updates about what they are merging in.
Not adding anything more until I see filings show up. I get the sense OTC found some issues while reviewing so now it’s a risk on whether they get current or not.
Seems headed to the 50dma at .0053 area
Looks like it’s headed to the .005s area where support is. Trading awful this past week. Starting to get the feeling whatever merger Alpha has for this is going to be a major let down once all is revealed. Holding for now though with what I bought.
Hopefully news tomorrow pushes this past .003 and previous highs. We shall see.
Beauty. Higher lows and eventually higher highs.
Turning back up from bottom of the channel. Next target area .003+ in next couple of weeks.
Added a few more .008s, crazy if folks gonna keep selling this off into the .007s but have it.
Great day to add, right at the bottom of the up trending channel.
Exactly. This will become current soon enough. Likely in the next couple of weeks IMO.
Grabbed some .0019s :)