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Don't be surprised to see .045 to .07 bounces this week, after that a lack of news will likely continue a downtrend
This price movement shouldn't be a surprise, I called this in June.
.035 + (.158 - .035)*(1 - .80) = .0596 which is right where we are
Because 100% of the time when a stock price multiplies a few times there will be pullback. My personal short term formula is the 50% settle rule, when a stock jumps and peaks out it will pull back half way to the previous price. In this case (.03+.15)/2= .09 which happened yesterday. Now no follow up drops price further, I got out at .13, may rejoin Monday.
Doubtful, I think they just released this to stay current. Also shows numbers are not audited, but what we are waiting on are the complete audited fins.. Maybe they're waiting for Q2 to finish before they complete these fins so they can have all the fins audited for the quarter? I think that would make sense if they're going to go through all the work to have fins audited why would you do this right before the end of a quarter? just speculating
What gets me is this company really has not appeared to do anything to pump the stock themselves and I wonder if it already has run as much as it has, at what point could the downfall begin? If they release legit fins with good numbers, would they have really created the facility with millions of dollars in machines to stage the product just to liquidate it? Who knows, sounds like some mastermind scammers! Can't wait to see how this one plays out!
To me it's pixelated due to the camera being focused to the background. Not sure what significance the paper and the date have anyway.
Wow all the dots connect and are those they zjmy cars in the slides?? What an elaborate hoax setup by a huge group of people to continue to try pumping this junk which has no evidence against it being legitimate company!
There are 0 with name change effective after 6/26
I hope we get PPS^3! I can get more in trip zero land before the boom of PPS=((((current PPS + 1)^3)^3)^3)-1 or roughly $4.5
IMO
You should be worried. Creeping up on 0.5% shares traded today and down 7% what penny stock act like that, this changes everything the DD hardly matters anymore the sky is falling
lol everyone freaking out, the volume is 1.5M for the day, which is nothing. This also ran from 4 to over 12 cents in no time on nothing but some DD. It's expected to drop and fluctuate as people become impatient.
lol
"According to court documents and statements made in court, between approximately 2009 and July 2016, Delgado — also known as "Michael Neumann" — conspired with others to defraud investors through the stock pump and dump scheme."
Explain?
Maybe everyone who will buy has already bought due to the 2 months of hype and is waiting for news? I'm not sure why that's a bad thing.
No volume today, so variation in pps doesn't mean much atm. Believers shouldn't be concerned about current share price now anyway, unless it means they can load up more cheap shares. IMO we hold this range within a penny for a few trading days if no news, but we've seen odd up and down trends on no news in last 6 weeks. Let's hope for good news in the next 2 weeks before their conf.
Going to hold .085 to .095 the rest of the week. Dip some early next week if no news.
IMO
I agree, the change fundamentally doesn't mean squat, but that doesn't mean that some won't react to it. That's also why I think it will mostly be corrected, but not entirely because people will be anticipating the fins after, which if the rumor is true will be the same day.
Yeah, just an opinion. I think anticipation is so high for the new symbol that there will be a big spike, like you say about double, but really most people here already know the symbol change is coming so I think it'll mostly correct back down over about 2 days. However, some have said that RO stated symbol and fins will be released at the same time which may cause the jump to hold. Who knows really, everything here is speculation and I'm just some rando throwing my honest thoughts out lol. Most of my portfolio is this stock, I just try to stay realistic.
I think we will see a spike followed by 80% correction after ticker change, but hard to say because many expect fins to follow ticker.
Excuse my ignorance, what's an STP?
Hard to say, if support is lost it could drop another penny from here but RSI is getting pretty low so may see a bump up a penny if support holds. Support has been strong the last couple weeks. just my opinion
Really .5 is not realistic (tho I would love it). I wouldn't be surprised to see .15 or so, but I don't think this has a lot more steam left to run on without some real update from the company. Expecting .5 without reason is delusional and unrealistic comments feed the bashers.
just my opinion
I'm lookin' for a dime that's top of the line. Cute face, slim waist with a big behind.
Yeee DOLV
OMG DOWN 8% AFTER SKYROCKETING EVERYONE SELL. -_-
Nobody knows, but I have a feeling they'd send RO fins to publish later day China, or pre market US. If next Monday morning US time that'd be great but you never know what audits will take.
I disagree, but this could be very bouncy due to such low volume so if it goes that high it may be very brief. I expect this to hold right around .052 and .058, possibly lower as people grow impatient.
In my interpretation of their statement, they are not late on financials.. They filed them right away, to auditors. They just have to do the big run around to have them approved and published. People can't take "intend to file over the next two weeks" as literally as audited and released to the public.
Yup, not gonna sell, but waiting to add. Have buy order @ .051. If that doesn't hit today I'll lower to about 48 until finz
Same here, would like to add more but I think it could be another 1-2 weeks before fins are processed and released. By then we could see .04s again, but it is holding .055 quite nicely for now.
Nice I want to grab more discount shares too! Keep pushing and we might see .04s!
Right, they say they intend to update financials over next 2 weeks. To me, it's saying they'll work on it over the next couple weeks or so, especially if they have fins audited they can't have an exact time frame.
Everything is all speculation and there is no real way to tell without fins. If I had to make a guess for 1 year it'd be like $.5 to $1 if everything goes well.
Probably. May spike up or down at open. If up, I'd wait for the drop. If down, may be a good opportunity
I was in a ******* meeting when it dropped under .04
I'd love to pick up more cheap shares too
If you know this is just manipulation on low volume, then why are you worried? Almost everyone else held too...
Exact same here lol
That's their "Virtual office address" while their lab is located at the Philadelphia address
I think short term impact will be huge fallout as everyone jumps ship, but I think they are legit and over time will recover.
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SEC suspensions for OTCQX, OTCQB and Pink securities have a duration of 10 business days. After the suspension ends, broker-dealers may re-enter their quotes if they comply with Rule 15c2-11. This rule requires the filing, with FINRA, of a new Form 211 which must include the company’s current financial information.