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400k as in shares, not $
Last time the stock ran from just over .01 to .10, I was there with significant shares and noted a couple things..
1) The market cap was about $650,000 at it's low
2) A market maker had 100% control of the stock price and did not allow any shares sold to be bought back cheaper. I saw this market maker bring the stock price all the way up and only when he backed off in the .08 area the stock lost momentum and begun crashing back down.
3) That MM showed up just after they added a boatload of new shares
4) The price went up without any news whatsoever
If we get a 50% haircut from current pps, we will be back at around $650k market cap (and around .0020 per share). Regardless of the insane dilution and negligence of management, the company has audited fins showing 40 mil + annual revenue, so I don't think the market cap will stay under 1 million too long before another orchestrated run up by a market maker so the company can sell a bunch more shares at a higher price. That will be bank time and is my best bet for this stock.
This PR might be the first PR they release on a real newswire that gets to Fidelity users. Fidelity has more OTC traders than any other platform. Also they are disclosing the nasdaq company on this news - this can be great. Looking for whales
No strong reaction to the expected 75bps hike and expected projections of taming inflation, so more of the same it looks like.
Nobody here is talking about the overall market, the economy, cryptocurrency prices, interest rate hikes, etc, with those being the leading factor with the pps here. Right now there's simply no people out there with lots of savings to buy penny stocks.
In less than 1 hour the Fed will report on the rate hike decided on, ALONG WITH monthly projections going forward. The past few days/weeks have been pricing in a rate hike. Depending on whether it's another 75 basis points and the projections, the market will either go up or down, and I guarantee it will also affect OTC markets and stocks just as this one. Hold on to your butts!
You mean the wallstreetbets crew from Reddit? They don't make penny stocks into meme stocks.
Key words "initial commitment". This could be the guy just saying, ok, I'll do it. Same thing on how they say the word "signed" all the time, could be some non-legally binding document or simply signing an "interest" list online that really means nothing except for allowing the company to say these things to pump the stock legally.
People are waiting on updates, which are definitely coming
I'm still predicting 0020's
Sometimes the market and stocks do what they do regardless of what the company does or what people think. Market makers have ultimate control. If they issue another PR on Accesswire that doesn't have any good news regarding the stock, this is one of those times it won't bring much buying in because there's not a lot of buying right now in the OTC. You need to understand that Accesswire news service is just ok, it doesn't really get out to the masses. If they PR something really great that assures potential buyers the bottom is in and risk is minimal with continued growth, etc and they put that news in front of new eyes, then maybe there will be enough buyers for market makers to start to cover their naked shorts and bring it to a new level.
If such a vast variety of millionaires are getting involved with Valiant Eagle, why aren't they using some of their spare change to buy the stock? Why not buy the entire company for maybe 10% of what they made last year?
If any of these "deals" are truly "done", why don't they issue a single legit press release? XYZ Presswire is not a real news service.
This is why... everything they say is grossly exaggerated or half truths, or flat out lies, and they only want just enough people to buy their stock, they do not want to draw too much attention to their shenanigans because they know 100% of their "business deals" aren't really going to happen.
Did you learn that from ORCA? Or maybe you are Orca with a different user name?
Pointless to PR about anything at all, no matter how positive, if it's not some major change (adding 1 business deal to the 20+ ones they already have) because there's simply not enough people out there willing to buy much of anything right now, therefore the PR won't have any holding effect on the stock price and others will bail from their positions and take a loss that they bought at .013-.015 or higher.
Unless, of course, they put out a real PR on Globe Newswire or equivilent news service that hits Fidelity traders news feeds. Accesswire does not hit Fidelity news feeds and Fidelity has the most OTC trading of any broker.
Updates are coming
I voted No
They always PR major news, on Accesswire. Not a preferred news service but it's not a minor one either.
They use twitter to keep shareholders updated on all sorts of things in the works. Since they didn't issue a PR yet, it tells me the PR isn't ready yet for whatever reason.
I believe we will get a real PR about it soon, and it might even be a PR through a major newswire.
Companies that dilute their stock into oblivion reverse split and repeat insane dilution and reverse split again. The company said "No reverse split for AXXA", which is far better news than minor O/S increases over time, but the share price goes down because the whole market is going down including most OTC stocks whether they are profitable, audited, Pink, Limited, QB, whatever, most are going down because market makers have ultimate control.
I accumulated 15 mil at 8's and 9's today. But I sold those at .0013-.0018 recently, shares that I bought at .006-.0010 a few weeks ago after selling them at .0012 a couple months before that.
The OTC is full of lies, naked shorting, and lacks retail buyers due to the economy. When a CEO pumps a stock to create excitement, it's important to take profits and have patience to wait for lower prices, which with this stock are very predictable.
Of course it depends on your strategy with taxes and if you can sell for short term gains or need to hold long term. But it's not a good plan to buy any OTC stock during a bear market and plan to hold for a year or 2 just to save 10-20% on taxes.
Why do you put so much money into something if you don't understand what they are doing? That means you lack confidence. Clearly if you look at history, nothing they do has any traction, so why should the stock price? The stock just went to .0020, over 150% gain from where it was sitting, but you didn't sell a single share? It's not a good idea to gamble in the OTC especially with a stock that never holds gains, and in a bear market that seems to be continuing going into a recession.
This stock can make you a lot of money if you just sell shares and buy them back. Don't sell all in case it keeps going higher so you still make money. This stock is a pump and dump only, until something actually does have traction. Until then, expect more tweets and PR's on XYZ Presswire about new "deals" involving more "A-list" people or companies, and then not hearing much more about it again. Expect the price to go to .0015 or .0020 and then drop back down again Because history repeats itself with this one.
That 35 mil execution was either a T-trade or someone selling to themselves with an all or none order. There was not 35 mil on the bid and bid did not change, that's how I know.
If they just put out real PR's maybe there will be enough buyers to get the pps up and hold.
IMO it's not news until they put it out on Globenewswire or major news service.
I just started reloading at .0012. Hoping for continued dumping to .0006
6's could not be bought for weeks/months, so 7's and 8's is good loading. However, most of the time there is too low volume on this stock even with tweets and news so might be holding for a while.
If this rate of dilution continues, the pps will skyrocket because their assets and revenues keep increasing. 20% dilution per year is totally acceptible for this kind of growth and net profitability.
If you think 20% dilution is the cause of an 80% price drop, maybe you should re-evaluate your strategy.
I'm so sick of wannabes touting dilution, scam, liars, etc, and then continuing to post instead of going elsewhere.
LOL I read the about page expecting to see typos, and sure enough there's a typo as well as unprofessional sentences.
LOL you say 115 million making it sound big, but it's only about 20%!!! 20% dilution in about 1 year is so small especially when it's small increments over time! You must not know how many OTC stocks dilute so much more than this and those stocks could only every hope to have net profits! Do us all a favor and sell your shares to put your beliefs into action.
More likely to fall back to subpenny than go higher. As it has done several times the past year or so.
This is the guy that was complaining about tiny O/S increases, so I don't read his opinions.
They are only increasing the A/S by 300m, that's less than 50%. I've never seen an OTC company raise A/S by so little, most companies with this share structure would have increase to 2 billion. AND they said no R/S! But even if they did decide to increase A/S more, I wouldn't be worried because the O/S increases so very little over time. IMO this company has some of the biggest value, highest risk/reward in the OTC, only issue is they are still unaudited but I believe that is already factored into the price.
This is the bottom area and any dips will be bought
More updates are coming
Also, the market cap went as low as 650k when the pps was .0115 before the run up. Since then HUGE dilution. If the market cap drops back down to 650k we will be less than .0020 pps
Extreme dilution. When the stock was .20-.40, the market cap was just about 4-6 million. A couple months ago the market cap was 2 million and price was .012. Now the market cap is 2.4 million with pps of .007. Dilution kills this stock because it never ends. The outstanding shares go up very consistently and predictably, lowering the value of everyone's shares.
I held a lot of shares on the recent run up to .10. I started selling at .025 and selling heavy at .04-.06. I noticed that the entire run up was a market maker controlling the stock and absorbing shares. It was obvious it was a pump and dump run and sure enough it tanked all the way back down and then to new lows as soon as that market maker stepped away. I believe that was a ruse to enable convertible shares to be sold at higher prices.
A lot of what I'm talking about is in their wording. They might have intent on some of these things but then they exaggerate as if it's going to happen for sure or be the best. Deceit is a type of lie. Maybe these actors were somehow "signed" but not in a way that they make us believe - maybe in whatever document they signed has many contingencies that the company knows will never happen? So what they tell us is only partly true, true enough to be legal. So your logical thinking doesn't really make anything better, you can only judge a company based on what they said and actually did in the past. And the past with this company is just saying stuff that doesn't happen and it's basically legal theft. The only thing this company has going for it currently is the minimal to no dilution, and I believe that is more of the reason the stock is up than recent tweets.
If the CEO/company are either liars or failures that I believe them to be, why would I care about any answers to questions? What actually happens over time is a true answer to questions, and in the past year I've been following this company, nothing has happened except for a website ending in .io (not .com). The exaggerate everything with their tweets and as I said before they use a lame press service. Maybe they prefer to lie to smaller groups of people on twitter and lame presswire service instead millions of traders and investors that look at real news feeds?
If any major hollywood or nasdaq companies actually wanted to sign a deal with a publicly traded company worth only a couple million, they would have this stock and make the price go into pennies or dollars.
Nothing comes to fruition with this company. They just announce new deals on twitter and only use EIN Presswire for PR's. No dilution or minimal dilution so yes the stock can move sometimes on some hype or just traders coming in, but what they always say about such major deals are no way true at all. No evidence, proof and nothing actually happens for real. Ambush Kareoke with Paula Abdul, what happened to that? What happened to the Jennifer Lawrence film? The basketball video game that's better than NBA 2k? It's all BS!
Whatever source you are looking at is inaccurate, in march the price was about .06 and went as high as .10 in May.
Also what source are you looking at that shows they are reporting profits? They never report profits, just losses. They sell shares to fund the losses so shareholders take the full burden of the company expenses. 40 million annual revenues mean nothing when every dollar they sell COSTS SHAREHOLDERS money. If they did 80 million annual sales they would need to sell 2x more shares and the price would be even lower.
All these PR's about signing major deals are such BS. If a big company signed a deal with Valiant Eagle, they would surely know it's a publicly traded company and would buy up a ****load of shares. But the PPS is still sub penny with market cap only about 2 million. 2 million is chump change for Hollywood companies! This is only being traded like most other OTC stocks with no big moves after months/ years of PR's about major Hollywood deals among other things.
Gap was filled today, stock closed at 8.16 on 8/5 and created a gap next trading day that wasn't filled until today, low of 8.17 leaving no gap! Up from here!
Exaggeration but almost true - price capped out at $15 / share last year in April (17 months ago)