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BEAUTIFUL share structure with a RM rapidly approaching. Key here is the SS is so low that the market cap currently is barely above that of the cost of the shell.
Stock will need to go to at least .05-.10 to factor in new company worth.
Gonna be a nice ride, similar things happening with C L H I, low float RM coming up to value. enjoy the ride here, just getting started :)
Youve been a member of IHUB a while/presumably traded pennies a long time so i dont understand like u talk like a newbie. Move on now imo, all u do is talk of why continuation capital still on ask and that u wont buy them out and that u will leave now end of week if they are still there.
Let me save u the trouble, leave now. very unlikely he gets bought out entirely next few days. thank me later for saving you the time.
This is a load and hold type of a play, not a stare at L2 the whole day waiting for OTCX to leave. you will hang urself doing that :)
Well thats a good sign, their twitter has been respectful.
I havent bought heavy yet down here but may early next week with this trade and seeing how it trades. Quite the consolidation, provides impressive low price pt for an eventual move back .10+
BEAUTIFUL day 3 of the move. Rare type mover here as shown by the 600% move consolidated for just 1 day and the 100% intraday move here consolidated for just 2 hours.
MMs cant even consolidate it without whales driving price up. Great sign of things to come. If there is legit consolidation ill load another 1/2M$
Btw my buy orders are now being delayed, upwards of 3-5 mins before either going on bid for filling on ask.
Thats almost always a very bullish signal :)
:)
Only a few times a year do i get lucky finding something like this at the right time.
I betcha this shell cost far more than most for just that reason. Its as good as u can get for a shell. no debt, no volume, tiny existing share structure. basically a brand new shell.
See you at .04+ today imo and .10+ next week. nice and steady though :)
No idea whats happening but the price action is super BULLISH. somebody keeps willing to sell shares down here but some patient buyer continually sits and loads up everything.
this sorta setup in penny land, with patient buyers, is what leads to massive moves in my experience as the deep pocketed buying group locks down the float :)
I have not stopped buying yugeee. This has parabolic spike written all over it.
Barely cost of shell still at .03. Shares are locked. see you at .10 when RM news comes out :)
This stock for months on end sat at .009 with no volume. No front load. All the sudden we have a very legit RM underway,,,ill load a BOATLOAD of shares sub .025 :)
Getting pretty cheap down here, i may go in for 100K down here if this seller is willing to drop more today. Was just .13 and now selling for .03 :)
Chartwise id prefer another 3/4 of session tmr consolidate out final overhang and then push into close. this way the 60 min chart will have fully reset and ready for next push higher.
Either way, this is trading super strong after a 600% day. Its going higher and as you alert, $412K valuation with a tiny SS and float means this could go wild with volume.
Ouch who is selling this off down here? stock hadnt traded for months and got volume starting at .009/01. pretty much everyone red at .012
Market cap at .012 is the cost of the shell lol. stupid
AWESOME! great trading. your rich. congrats. and its great u have ur morals to not buy OTCX out. whenever hes done, we need the buyers who are willing to buy it up 200% after hes done.
but certainly, god knows when that will be. today, tmr, next week, next month, 3 months. dunno.
Have a good one and talk to you once otcx is gone
Im personally just weeding out any remaining sellers at this level and/or helping CFGN (the short) build his position up to help the next wave higher :)
Looking like the float is already locked though possibly. nothing for sale on the ask after a 600% move. :)))))
You think 6M. i think far less. like 1-2M to each their own. have a good night
cause OTC traders are dumb and chase after hot stocks moving. always been this way. Just gotta find em like right now, buy the blood in the streets on strong companies like this and wait for the masses to catch on at some pt.
Buy .02 sell .10. may take a few months but good risk/reward
Some group buying heavy the MM short walls they are setting up right under .02. Love seeing MMs go short on a tiny float stock thats just in Day 1 :)
Clear .02 and its .03 in a hurry on short covering imo
Impressive loading here last few days by some people as others throw in the towel. Nice base being built. Next run takes out .0025 IMO :)
Love it. Should be a multi week play here. day 1 today.
Holding its gains nicely after a 500% move. shaking out all the remaining old float holders today.
Company seems legit and SS is as good as it gets. everything in place for a mega multi week run as the RM happens imo
Lol huh. our OS is going up like 3%, the one u just quoted the OS went up like 900%. like comparing apples to elephants lol.
Little dilution here, just lower volume to eat it up.
Nice slap there, accumulate accumulate accumulate :)
Could easily trade 50% of the entire float today. LMAO this has mouth watering upside :)
Only a $360K market cap at this price. :))))))) See you at .05 this week IMO.
Just getting warmed up as old holders all sold today, happy to be out after holding for months. Now gearing up for the .05 push
If the OS is anywhere near 23M this stock should hit .50.
But im sure its probably much higher, but even if its 250M stock should still hit .10++ on the RM rollout imo :)
Day 1 of a multi month move probably :)
Shake out the bagholders day i like to say
Rolling out to CVS! HUGEEEE. :)
.50+++ imo
I dont agree with most of your thoughts. Let me see if i can tackle them:
1. why is continuation capital so eager to convert and sell their shares? literally every single firm that gets free trading shares does this in the OTC. Ive been around the otc for a long time and i dont really get why they all do it but they all do it. This is no different, which is why i say its hard to buy when there is blood in the streets but this is the time to buy OTC stocks cause of the dislocation the seller provides.
2. you say were gonna need 3-5M more shares// Last week i noted various scenarios whereby i felt they had 6M shares max to sell and i believe they have been the seller for 2+ months and could of easily sold 4M by now leaving them with as little as 400K left to sell. Anybodies guess what the actual number is but i doubt very much its 3-5M.
3. You say why not collect 1M now. //// Certainly i laid out that scenario but its just message board talk. i didnt say anyone was gonna do that today or tmr or whatever, just saying it probably becomes very profitable over a multi month time frame. I myself am collecting pretty much everyday but already own over 1M shares and will be holding for minimum .06 and hopefully .20+
This stock should be above .20 in the coming week or two. Gonna take time but this company is headed back above .50 in 2020 IMO
Some insider presumably went in and bought up all the 30s and 40s this morning. With the low Outstanding shares and likewise only 3M market cap, this stock could hit .75-$1.00 without much issue if the marketing campaign pays off.
If they get good sales numbers this year than a 3M$ market cap is nothing. Could easily have $30M or 10x shareprice
Yeah nothing has changed, we know we gotta eat thru OTCX, and presumably are done after that and with this super strong company and follow thru of CEO to have the stock succeed the shareholders should be rewarded who are buying the blood in the streets here.
Life changer setting up for those that got guts, confidence and the ability to spot disconnects in the OTC market (like Continuation capital are giving currently) and ability to hold for insane gains.
1M shares bought at .02 and sold at .15 is $130,000 gains on a $20K investment. its this sorta situation i expect to play out in the next 3-12 months IMO.
I think yesterday we in fact saw most of retail who wanted out, get out. and we have seen OTCX remain out of the mix.
its why volume is drying up and we are now starting to get the buyers trickling back in. the buyers who are long term investors buying larger positions at a discount and waiting for company to fire on all cylinders
Btw if this company profits $6M this year than it should Reverse split its price up to $2-3 and uplist to the AMEX.
$6M net profit is very legit and not necessary anymore to be on pinksheets or even OTCX.
And if in 2021 they double net profit again to $12M then they had better be off the OTC. Thats nuts :)
A 23PE is stupid low. The S&P500 forward PE is generally around 16-19 and those are companies growing maybe on average at 4-8% y/y.
This is a legit, super fast growing OTC company (growing at over 100% y/y?)
No reason the PE should not be multiples higher than the S&P 500 multiple.
Honestly if your company is growing above 100% y/y ur multiple should be minimum 50 IMO.
Then once ur growth slows, so to does the multiple
I missed the call, will listen to the rebroadcast. but sounds like they are on track to make over 4M profit this year?
Bring on the uplist to AMEX in 2020.
Any chance they can reduce the OS? Decently higher and only thing standing in the way of .50+ shareprice
Agreed. For days on end CCI was probably the one dropping those 100K blocks to which i also agree with you that it was some sort of insider buying up the blocks.
I dont remember seeing a max conversion amount of shares at one time, except cant be more than 9.9% of OS which would not happen so presuming CCI went ahead and converted back when they first were selling they woulda converted for .04-.06 shareprice and equate to roughly 5.3M total.
5.3M total and they have sold like 3-4M is my estimate.
LOVE IT. everything this company does is super fast and with precision. If Rhett has cleared off the entire debt/liabilities needed to go forward with this 146K cleanup then again, i believe it is done now to get everything shored up before they crank.
.019 is the floor to which the seller wants the share price to go because as stated by the contract .01 is the lowest converted price. .019 x45% discount is .01. Therefore any lower on shareprice and hes converting at the same price anyway. he wants it higher.
It stands to reason they want more money than less so while .019 is the floor the seller wants to go, he presumably want go that low or for that many shares cause he wants to maximize profit like us all.
I have no way to prove this, but i firmly believe its the same guy selling now that was selling in march april early may (to smaller extents than last 3 days of course).
But it implies they converted all or first chunk at far higher conversion than .02 and they have easily sold 3.5M already (3M+ this week alone imo)
Of note, CEO put in a price floor of .01 so shareprice really wont go below .02 as the only person selling is OTCX
Can anyone confirm that there are no more notes past due or payable and we can rock after he is cleaned out? (im not great at reading filings)