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I think you are right in an initial stage of a company but once the product gets sales and builds on that it will be hard to argue the revenues to pull the stock PPS down. The same thing is now happening with RJDG. Once their revenues is proven the penny days for that company as well will be over It will be a legit co. making products and making serious money like as if it where already on NYSE or NASDAQ. I think that is what we have unfolding this time on this stock.
Where is all the news the CEO promised the share holders last summer?
Ha ha ha ha ... Well said!
There is no reason to anyway, not enough shares outstanding to warrant an RS. Never saw one with this share count, sorry ain't gonna happen!
Thx, didn't get to your post yet. still reading thru them before I decide to take a position on Monday!
I am sure the float is a lot higher then that but it is still VERY reasonable. Maybe around 50M? Use trading says as a gauge. JMHO!
Some advice ... when you sell like that, don't admit it, don't talk about it. Buy back in as quickly as possible and be happy you are still in the game ... just some friendly advice.
WOW!!!!
That is exactly my point. We are so use to this crappy Market cap we think its normal .... ITS NOT! Has to adjust sooner or later.
Haven't sold a single share of my 1M yet and won't until this goes into the pennies!
But does it taste good?????
Actually your assessment is not very accurate. Look at the one and two year chart with RSI and Volume. You will see a correction earlier this year and then strong gains in RSI and volume. Chart show that this is building momentum. That and the news with cheap market cap in a new industry only spells one thing ... JMHO!
Maybe they are too busy getting high ...
RSI yes MACD No look at MACD in March. It went a lot higher and also remember we didn't have the news we have now. As for RSI that has proved to be not constant when the stock has a lot to offer it could build a mountain above the 50 line or the delayed down draft could mean a lot more upside. Its how you read the charts but also the news and fundamentals at the same time. JMHO!
~from a wall street gambler~
I gambled when I first bought 400K then added 400K more and then finally rounded it off to 1M even. Now not sure to get greedy and buy more or just wait and enjoy the ride. Either way the nay sayers on this board did not scare me away, not this time! Also EFFI and WDRP did well today. Some times the market giveth ...
Doesn't mater, Higher highs and higher lows (yearly chart) pegs this one for a near term target of 1.5 pennies.
Market Cap is so cheap, this could easily command 25-50M when all is said and done. 5-10 cents is expected on any good news!
TD Ameritrade is showing a .014-.015 bid ask. Damn, not sure I can get in at .006 tomorrow
Yes, but as I experienced look what happened to MLCG. Never should have reversed that quickly when looking at the charts and what it did in the last movement!
I understand, sounds like we need some reforms on this mater. This will be good material for my second book, again thanks.
That kinda makes sense when the "short" is approx half the trades .... good point! So where do you think we go from here?
Good point, I hope you are right! They have a few people on the board that need to get paid and I guess we are paying them with shares. We need to see the financials to see if they have gotten better.
On the day of the big correction almost 270M shares where shorts according to the OTC shorting website. That is at least half of the volume. I assume that is not including those that simply sold their shares but only the short positions themselves. If that is so, do you not think that is kind of high?
It seems to me that the shorting of this company was significant to what just happened.
Come on Guys ...
I love these companies but can one of these sites finally get the share count right?
Outstanding Shares 218,090,667 a/o Dec 30, 2016
-Restricted 21,931,000 a/o Dec 30, 2016
-Unrestricted 196,159,667 a/o Dec 30, 2016
Float 77,612,348 a/o Aug 11, 2016
Now lets figure out what the market cap of this company will be when sales start. Then we can figure out a real target price on this beauty!
Not really until you can explain why. Don't get me wrong, I like the company (have 1M shares) and hope for the best but the Best out there, sorry NOT! Take a look ar RJDG. That is one of the best out there once you do the proper DD. By the way we need to update the share count. According to the latest filings it is 1B AS and over 500M OS.
Market Capital
There is no reason with all these sales and products that this company can not command a 25-50M market cap. that means at 433M shares we are looking at easily 5-10 cents a share. 10-20X your investment!
Thank you ... nice find!
Don't be surprised if we see 10 cents in the next few month! The market cap would only be 20-30 Million. Think about that! That is chump change for what these guys have to offer.
1M shares and waiting since last month. This seems so obvious, what am I missing?
Nice share count. I hope for all our sakes this company will prove itself so we can retire early!
Hey , fellow Oregonian, I lived there for 25 years all around PDX, went hiking everywhere! Ran a PCB design business and loved the life, if you don't mind the rain that is!
Been holding 1M shares since .0027. I think I'll wait this out and see what the next Qtr. earnings say. Love these stocks under 1/3 of a penny. MLCG may be another one and WDRP surely is.
Talking about a different stock
None of that maters anymore. Management shot themselves in the foot with that BS future earnings posting unless they didnt make 400K last qty.
If you are a technical charterer you would see that the last time this happened RSI receded and the stock still increased. Also you would know that the Bollinger Bands only started to balloon out so there is definitively more legs on this stock, most likely to around .038-.004 before any real reset. Hell, even the Slow Stochastics show this is in the first third of the run. Better learn how to do technicals better!
Good luck with 12B OS shares! Not even MJ is going to help that stock structure. RS coming!
Will be buying more in the morning I want a rounded 1M shares and almost there!
My 2M shares are betting it will and with the market cap this low ... why not?!!!
They have an eviction notice on their office door!
$722,000 in less then a month (aprox 85M shares increase @.0085) for the operations of the business (Plus what revenues they are getting) seems somewhat high, how will it look going forward?