Happy Friday everyone, been a while since I’ve posted but I have noticed a lot of new posters on the IFCR site – welcome to the party.
Good news confirmed yesterday but the problem I have is that when there is a PR, the price rises initially and eventually falls back. We had the same issue yesterday and when they released the last 10K, great pieces of news and no momentum…
If they keep releasing the PRs one at a time, chances are the same will happen again, and again, and again…
Why not save them up and release over the course of a couple of days. We’re still 2 weeks away from the filing date for the 10Q or 8K or whatever they intend to use so it’s probably not going to come out early so yesterday’s PR has probably been wasted.
There are too many people making a lot of money shorting and manipulating this stock to let it run and I can see the same happening in the next few weeks unless the PRs are coordinated and released in a short time frame; remember they make more on a percentage basis if the SP moves up 2 ticks from 0.002 to 0.0022 (10%) than if the SP is at 0.005 and moved the same amount (only 4%) so it benefits the MMs and shorters to keep it at these levels.
I’m also not getting excited about the charting as this is penny stock land and technical charts seem to mean very little here – so what there’s a candle forming, the MMs and shorters don’t gibe a stuff and will do what they want…
I’m long and holding over 5M shares so I want this to fly but the past few weeks have shown that it doesn’t matter what the news is unless it’s managed and released to generate the most momentum to increase the SP and keep it there long enough to bring in new buyers at higher levels.
From an earlier post, I believe that IFCR management were having talks with some institutional investors – that would be a good bit of news to release if there have been any deals done on that front…
Thoughts…
AI
