I'll be honest, Moonmarket covering it worried me some. I don't dislike him by any means. He seems to hit much more than he misses, at least for himself. My worry was every time I tend to jump into one that he then recommends, it NEVER works out for me. The fact that at one point STGZ was his #1 OTC stock both gave me hope for a run thinking more eyes would be on it, and gave me pause because I am 0 for anything Moonmarket recommends. But the run after he jumped in was modest at best, % wise nice, but modest at least when it comes to the float the OS price. And it dumped for days almost immediately after, about a month before the announcement, to the point it was sitting at the same price on the day of LOI that it was when Tony said he would have news coming in late May (early April I believe). So any profit taking was already long done but announcement day.
So the dump wasn't pump and dump. It was pure dump as it crashed through 52 week lows within 10 minutes of market open, and hasn't stopped since.
End of the day, its really on Tony. I've been seeing him hype upcoming news since I bought in initially in September and all the MONTHS of hype led to a merger deal that feel apart on 3 WEEKS in.
I'm not sure its incompetency, bad luck, or whatever. I think he needs to stay silent until something is 100% signed. The stock can't go much lower. I predict trips by end of July on rumors or no news at all. I think he lost the goodwill of 'buy the rumor' at this point.
I'm not selling as its pointless at this price. If I lose it all, another lesson learned..
I just don't subscribe to the fact that the share structure being so good is a reason for hope. There are plenty of other stocks whose share structure sucks that actually run up. This one literally dies with every filled bid.