InvestorsHub Logo
Followers 57
Posts 6151
Boards Moderated 0
Alias Born 04/23/2006

Re: PennyHoper post# 15256

Wednesday, 06/29/2016 12:42:02 PM

Wednesday, June 29, 2016 12:42:02 PM

Post# of 84393
The fact that this stock still has a bid proves that there has to be a smart group of traders that have and will continue to control the price of this stock. I'm not sure if this stock can really move up even if they release something great in their next p.r.? Until all of the remaining 300 million shares are in their hands, and the outstanding shares are exactly the same as the authorized shares there can't be any significant runup. In other words they won't have complete control until all those shares are bought up by them, probably at the low price of .0001 In my opinion then and only then will the stock price be allowed to move higher. The big sellers and big buyers are in the drivers seat here. Since NECA started getting their act together regarding filing on time among other things, there must be over 1 billion new shares that have been traded and yet they have managed to still keep a bid price. When you say it looks like a waiting game you are 100% correct. All the regular investors will have to wait until these big buyers have complete control. Until then there's not much we can do but wait and watch, which seems to be the way things have been going. One of our posters said that "patience" is the key here. He couldn't be more right. One of these days those folks who buy a few million shares at .0001, and a few months later continue to sell them at .0002, will have sold "too early". The best thing we can all do with this stock is just watch it. We might be pleasantly surprised if we do. Florida