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I didn't start it, this is where it originated from:
https://twitter.com/rtbsolutionsinc/status/1584688004358340608
Go to listed stocks
if he really does what he says this could be quarter land
I think the Twitter post that said there was 1 billion shares going to be dumped, whether it was true or not had an effect on the stock and the CEO for the time being was able tocalm this down, and whether they were going to dump that much stock or no, of course is very common for otc to do this regularly, so sell and wait for the dust to settle.
And of course in the interview he said they already had the money, but who knows what they're really going to do, this is the otc.
That's the main reason why I'm in this because of the SEC filings, too many things they can do when they don't file, this is a nice play for under a penny.
Unless this is a scam, and I tend to think it's not a scam obviously, there aren't very many OTC penny stocks out there that look this good.
That's just it, who knows what's going on, plus you got Crowne King in this, who knows what's really going on behind the scenes, only the CEO knows
Obviously, it seems the CEO wants the stock to go up and in that respect it could be a winner for everybody concerned, but who knows what's really going on behind the scene. This is the OTC, but with the SEC filings, not your average OTC. Maybe have a big winner here, if the market would only improve!!!
I do have to say though that this looks like one of the best OTC plays I've ever seen but I don't have a lot of experience with OTC bulletin boards and I'm assuming that everything here is legitimate but behind the scenes God only knows what's really going on.
I mean one time I was trying to sell over-the-counter bulletin boards stock with TD Ameritrade and they wouldn't execute the order and I called Ameritrade and they told me that on the OTC they're not obligated to honor the bid or offer price that they pretty much can do whatever they want.
I don't trust anybody or anything except price action because this is a penny stock and it's on the OTC .
Please understand I don't follow this company very closely.
Why is the price so low if they're actually profitable, is it another dilution scam?
I can see how you came up with the idea, especially with the with this being otcbb stock.
So there aren't a billion shares hitting the market probably????? the people that sold over 1 cent don't care anymore and so they go putting out stuff like that or it's difficult to interpret what exactly was going on because it did seem like they need it to raise money somehow, who knows what the truth is? he seemed to say that he thought it was just retail selling.
The o t c and social media are such a sewer and the market is so bad when people got big profits they just sell and ask questions later
The thing is if there were a billion shares hitting the market it would be pretty common for OTC because that's basically all most of them do is print stock
I don't like to say this but when it comes to OTC penny stocks I don't trust anybody, I trust price action and I still think there was some kind of dilution in there, who knows what the real truth is
It looks like they wait for the price to come up so they can sell more stock and probably waiting for the conference call tonight and they're hoping tomorrow will be a fresh round of buying so they can dilute more.
Really quite simple: there's not enough buyers, the market has crashed in this last year and wiped a lot of people out.
Scary
$dvlp daily dumps since last Monday 🤷🏼♂️ pic.twitter.com/xy8ufwX7Fb
— Andres_Trader 🇧🇴🇺🇸 (@Andres_trader_A) October 24, 2022
One nice thing is very liquid, 30 million shares traded, that'll draw a lot of attention to day Traders.
As long the CEO talking about acquisitions, I think this thing's going to trade all over the place you'll be able to make money both long and short, howbeit I don't think very many retail would ever be shorting this.
And you never know during the winter bored Traders like to run up some of these stocks like they did with OWUV last year
That literally means nothing to what they're doing now, so why do you even show it?
Do you even know that's ancient history and that they're supposed to be acquiring companies that will give them 100 million dollars in Revenue and the CEO comes right on Twitter and SEC filings basically stating this?
The liabilities far outweigh the assets so basically the company is bankrupt, so they have to deal with the current notes that they have, at the same time try to get new business, very difficult, the CEO has to be some kind of deal maker to pull all this off, and from the SEC filings it appear he has at least started doing it.
It's so hard to value anything because the overall general market is so bad but in a normal Market this should be trading for at least 2 to 3 cents because of the actions that have already been taken in my opinion, and I'm assuming that all the dilution is going to create a hundred million dollars of revenue.
I have a small position and this is fun to watch of course with money you're willing and be able to lose
a certain amount of people are up from 100 to 700%, they just want to lock in their gains, they probably lost on other stocks, it's just a terrible Market and a terrible year for the OTC particular
I see one form T for 5 million shares
as long as a CEO is being truthful everything looks okay except that the General Market needs to get better, people are always going to be selling these penny stocks, some people were up 600 to 1000% when it was at the highs a few days ago, so its is simple as that.
I believe the CEOs said that he doesn't think that it's dilution but some of the retail that bought very low within the last year getting out, but who knows for sure.
I find it hilarious how some posters here think this is like an investment-grade stock that you get on a listed Exchange.
Obviously they're trying to get into a new business and get the notes reduced and they're talking about the stuff that is basically history and has very little to do with what they're doing now
okay I'll give you something: Verizon (VZ) which was supposed to be a top Blue Chip has underperformed for 10 years and they got all the stuff that one poster is looking for.
oh and go look at AT&T chart too!!!
ha ha
so you're looking for top-quality stock for under a penny, give me a break!!!!
and also they were in the marijuana business and some of the top investors in the world got snookered because they thought that marijuana would be legal on the federal level
in case you didn't know the stock market looks forward not backwards
when they legalize marijuana for the banking system on the federal level
I think it's a good play for a .01 stock, everybody knows about the dilution pretty much, but the problem is: I don't think there's enough players in the market right now to move the stock up, this is just my own opinion.
Hopefully this will change in the month of November
really doesn't mean that much unless there's a big lawsuit or something because anybody can say anything about anybody on the internet
I'm not worried about it I just like to know everything about the company, I mean the people are running around here acting like this is a listed stock, I mean what do you expect for a sub penny stock trading on the bulletin board, actually I think it looks sort of good, just factoring in all the dilution that's all
Respectfully, most everybody here knows about the dilution of penny stocks you don't need to keep telling us especially the bulletin boards are heavily dilute it but really most stocks under 5 are big diluter is even on the listed exchanges
Well, I hope nobody gets mad here but I looked at the SEC filings and they have negative shareholder Equity by quite a bit, so how are they going to fund all these things except for dilution? Like I said don't get mad at me I'm just trying to be realistic.
The CEOs supposed to have some connections and is reducing the notes and trying his best to turn this company around, so he says.
https://fintel.io/doc/sec-golden-developing-solutions-inc-1736865-10q-2022-august-15-19220-1884
Cash and cash equivalents $ 68,057
Total stockholders' equity (741,761)
it looks like they're diluting right into the press release
It looks to me like we're in a super bear market and there's not many participants for different reasons. Some blew out their account, some just couldn't make money anymore. There's just not enough people to buy these stocks on good news.
What do you guys think?
Of course the price is going to fluctuate a lot, just look at the chart!!!! Just trade around a core position and I think most of the people here that have been trading penny stocks a long time are already doing this.
it needs to consolidate
If you look at the chart it looks a little overbought short-term, so the backing and filling is great for further price continuation after consolidation, in my opinion.
I will buy a million shares if it ever dips.