Thursday, March 26, 2015 12:30:46 PM
ALGA hasn't had a chance yet to benefit from DTC Eligibility.
Seeker, you're probably right. There is a seller. The seller is stupid, desperate or mad. With only one week of DTC Eligibility, ALGA hasn't had time to make the market fully aware of the DTC Eligibility or the Company's potential. A seller today will miss the PPS opportunity once the market is fully aware. Again, the seller impatience is either stupid - the seller misses the PPS potential with seasoned DTC Eligibility; Or, the seller is desperate and needs some money no matter the PPS; Or the seller is mad and out to try and hurt the Company.
Stupid, Desperate or Mad are issues all OTC Companies face.
Now the GOOD NEWS:
The issued and outstanding is less than 50 million shares - a rare find in the OTC Markets these days. Increased market awareness can quickly turn a PPS around with such a small I/O. It won't take a mountain of buying to overwhelm this seller.
More GOOD NEWS:
Picking up the Seller's Stupid, Desperate or Mad shares can be very profitable.
It's just now 12 Noon. The trading volume on the OTC is $320 million so far today. If ALGA can get a tenth of a percent of that trading volume, that would be $320,000. At $0.02 PPS that's 16 million shares, but with that volume at this level, the price would go up with that kind of buying. At $0.05 PPS that's 6.4 million shares. At $0.10, that's 3.2 million shares. We've all seen this kind of buying in other stocks. ALGA is a solid company in a hot sector. This can fly.
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