This is a wild one. I like it.
Never posted on this message board before. Not much of a poster anyway. At any rate I've been playing pennies for a little while. Usually do pretty good with them, just have to understand the animal that you are dealing with.
Alright earnings are coming up and they should be pretty good. I had this before already as I bought it in Nov/Dec. FYI, you usually can get pennies really cheap during tax loss selling season. Sold a little early at 3.8 cents a couple of weeks ago. FYI, always take your profit in a penny stock. It isn't personal, it's just business.
The last couple of trading days VHUB has had a good sell off. Maybe some might be shorting it. Probably isn't a ton of shorting but some is likely. FYI, yes penny stocks can and do get shorted. A lot of people think that they can't, but they are incorrect. VHUB reached 5 cents recently. I was looking for low .02s and got some filled today on the bid. FYI when you wish to be in a penny stock buy in and support the bid. Many don't understand that. Hitting the ask is fine but supporting the bid is more important. At under half of the recent 5 cent high VHUB seems like a decent risk. When pennies sell off they will retrace around 50%, then have a bounce from there. Sometimes there is no real reason for the sell off and sometimes it is for a very good reason. In the case of VHUB it seems there were a lot of nervous shareholders. The increase in authorized shares spooked them. Well fine, that happens. Actual dilution is terrible (look at VPOR or ECIG for instance). No actual dilution is occurring here at this time. The transfer agent confirmed today that outstanding shares remains about 68 million. Also an explosion in shares traded daily is a good sign that dilution is happening. You don't see that here. You see 1 million, half a million, 2 million. That's no where close enough to think dilution. Also you would see BMAK or the V MMs sitting on the ask all day long. VFIN sometimes is used to short so don't let that fool you. Spotting actual dilution is easy to see and I don't see an ounce of it happening here right now. The last couple of days were an overreaction from traders IMO. However sometimes the traders themselves are the penny stock's problem at the time, so it could go down further. I'm betting that traders here get their wits together here sooner rather then later.
Read the loan terms also. Those 8-ks months ago are important. In my summary if dilution began then it most likely wouldn't start until May. Plenty of time to have a little fun until then. Be careful of what is posted here or any message board. Know things for yourself. One guy here is saying things like the quarterly that will be coming out in a week or so will show 500 million shares outstanding. That is a terrible assessment. Frankly it is impossible. We are to believe that in the next 5 trading days 432 million shares will be sold into the market? That's not happening folks. Matter of fact I strongly think that the outstanding shares will remain 68 million until at least May. I have no concern at all about dilution for the next couple of months. IMO, this will recover nicely soon. IMO, it is always good to buy the fear, especially when those who are being fearful don't even understand the terms of what they are fearful about.
Anyway that's my take. Don't plan to post much but best wishes to all traders here.
