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and then the crying will occur when the chasers are left in the lurch as bagholders. bdpt has no revenues and no way to operate without brand new convertible debt. Authentic company has no real I trinaic market value here so what you are seeing is purely pump and dump in action.
you mean Chae like there aren't more shares out that that were converted recently to dump? ,or that nobody bothered looking at the 10q and seeing that they only have $2k in revenues and a lousy $40 k in the bank and no money to operate or pay salaries without more toxic financing?
it's about using smarts in a new otc market that no longer overvalues companies that have zero cash and nearly zero revenues. there are literally hundreds of low penny tickers of companies that are generating millions in revenues but have been beaten down to market caps under $3m. meanwhile, there are otc stock like this company that is sitting with $10k revenues and barely $40k in cash with no money to operate or pay for their inventory or pay their employees without reporting to convertible dilution debt. bdpt still has at least $1.7m in debt and a measles $48k in assets but sitting with a $2m market cap. overpriced with .000 convertibles. only fools would chase this when there are tons of recently converted shares that have not been dumped into the float yet. read the filings. financials are ugly. anybody trying to convince people that transparency makes.the company worth more is pumping and dumping. they know better.
facts:$40k in cash and $1.7m in liabilities that are mostly in the form of convertibles...not to mention 760 mil shares outstanding.
,I stand corrected...actually less than $ 2.5k in rev for the June ending quarter and less than $10k for the year. roflmao I will keep posting that and $40k in cash and $1.7m in liabilities that are mostly in the form of convertibles...not to mention 760 mil shares outstanding.
you will be one of the first to dump into any run. because you know the game. leaving a string if bagholders behind you is something you are really great at doing.
don't. i am not a financial advisor. but I am rarely wrong about these plays. read the filings. this is not a financially healthy company. there are tons of shares waiting to hit the market by those who converted over last several weeks. tomorrow will be a great day for them to take their money and profits and run.
check 10q. $40k in cash and $1.7m in convertible liabilities. just $48k in total assets including any intangible like IP. please don't try to convince anybody in the crappy otc market to chase a stock with those stats.
no, perfect example of converted shares waiting in the wings to unload and rinse and repeat all over again with their profits. they will dump these shares and partake as new noteholders in the company again. it's a cycle. Without revenues the cycle Will just repeat.
they are both real companies with real revenues. who is chasing? those are great examples of companies actually generating revenues and/or real assets trading for pennies on the dollar.
like i said, they do $60k in business per year. seriously. the days of otc gross overvaluations are of the past. people have been burned so much in the market in small caps in the past several years. lots of real deal pennies on the big board. you can find a company generating $10m per year trading for a few cents with far fewer shares outstanding. this company has no revenues and needs more convertible debt to survive. new financing agreements are coming because they are cashless. also recent conversions are still hitting the float. pump and dump is real and costly.
the otc has been facing a reckoning for almost two years now because there are real pennies on the naz that have real revenues. and investors realize that companies with no revenues don't deserve naz penny-type market caps. I don't care how transparent they are. transparency does not equate to value or equity. companies that have no revenues and need constant financing to pay all pf their bills don't deserve multi million dollar market caps. that is why the penny market is suffering now.
they don't even sell $60k worth of product a year. what are you talking about? how will they pay salaries or operating expenses? they will take new convertible debt of they have not already singed new financing agreements. watch for a new 8k regarding new convertibles. it's the only way for them to survive with onl$60k in sales.
there are companies on Naz with tens of millions in revenues trading for pennies with market caps of less than $2m. this company is not worth $2m, which is less than the current market cap. definitely not worth $7.5 m at .01.
over 740 mil os and no real revenues. pump and dump is not the way here. they have no cash to operate. they will have to seek new dilution financing.
it may still hit those levels if sellers are aggressive with any additional volume.
the 400 million that have been converted have not all been sold. tread carefully here. there are a lot of shares that are not in the free float...over 130 million will take a week or more to churn those out. never chase when there are still heavy sellers in the mix. I tried to explain the same thing to another stock board yesterday. chasers got sucked in way to early and the stock fell 25% from chasing highs.
be quiet. they are still dumping shares into the float. nobody is squeezing anything here.
I told folks that we're chasing yesterday in after-hours what would happen. investors are so dumb. was obvious right before close that the stock was being dumped at .05. some retailer was absorbing those shares and then manipulated ah trading with a few buys to jump start idiots who believe on chasing a stock on low volume in AH trading. well those chasers got smacked. and deservedly so. I sold half of my position just under .06 because it was obvious that the seller would return today. I think the pps is headed back to high .03s to low .04s for a while.
half of my position left.
hoping.
not sure. think the retail .05 buyers late day who were taking the instructional. 05 seller shares are dumping them in afterhours.
hopefully not a fake run set up for another offering. just noticed its been six months since the last.
ok. just released half my position on this low volume ah pop. will buy back tomorrow when .05 seller returns.
no just chasers. moving on low volume.
and when the .05 seller returns tomorrow, those same chasers will be dumping for losses on the bid.
well the 05 seller perched all day today is not selling in after hours because institutions don't trade in after hours. so just as predicted, the folks that wouldn't buy the sellers .05s during normal.trading hours are chasing above .05 in after hours market. you can't make this stuff up.
in other words, eventually the selling and shorting will stop and the buying will commence with a frenzy.
well tomorrow many people will who are selling will be crying about how they couldn't give the stock away at .05 and how they can't understand why people are chasing .08 tomorrow as well. that is always the story with sticks like these that seem stuck. they are stuck until they suddenly are not.
you sound dumb. how would they be able to buy all of the stock in the company eight now for .05? of they bought all the stock in the open market it would drive the pps up many multiples. doesn't work that way. Even the conversions are proced at nearly .09 and those investors are expecting a serious return at that price. you don't understand asset valuation or enterprise value. I would suspect that the company would not sell for am equivalent of less than .50 per share at least.
you sound angry like you lost a lot of money here. there a posters that do that. they are so deep in losses in a stock that they just bash incessantly and insanely. your post resemble such a person.
all the people on ttoo who listened to folks worrying about a rs and sold have to feel stupid now. when it was .10 people.were running for the hills in fear. two weeks later they are suffering from fomo at .60. roflmao
roflmao roflmao roflmao
roflmao
lol lol lol
next week
think this could pull a ttoo move next week.
.15 next week
yes, probably cj. that is how she rolls. hopefully she is out.
here you are again. minding other people's business instead of your own.