you asked and you are entitled to know the reason for my rants.
My brother lost $110k in a penny stock that had nothing and financed itself with death spiral converts (toxics). Ever since then when I come across another one, I call it out. Check my record. I called this one at 12 cents pre split.
They are easy to spot- reverse merger, no product, no investment banker, toxic converts.
They always end the same way--most go to zero or sub penny.
I read guys who post and say they've been in this for 2 years. Why? There are dozens of real bios out there. No one buys them because they don't trade in pennies.
Everyone wants a penny so they can buy 100's of thousands of shs and feel rich. Then when it hits the wall there's always the reverse. Like here
For weeks I've been saying no NASDAQ uplist. They don't qualify, never have, let guys continue to post about it. Folks will stay in their dream world. Good luck to all.
Maybe I'm wrong and they pull a rabbit out of a hat, but there is much more dilution coming with the toxics and maybe another reverse.