Exactly...instead of massive neurotic flipping, people that wish to sell could just incrementally put 10k on the ask and sell upward and everyone would benefit. Should there be a pps retreat they could buy a big block back. Seriously, instead of 200k bid dumping one makes more money to sell 20 times 10.000shares at ever higher prices (for the tiny downside of some $140 commission instead of once $7 - big deal).
Anyways, this board and so far the investors act relatively smart. Seems the float is pretty locked and I think if that holds the fundamentals justify 30-50cents any time now.
In few years if management stays true to their business plan GIGL could trade at multiple dollars.
There are just a few gems like this on the OTC (in fact right now only GIGL and RXMD come to my mind; potentially FNHI, but otherwise even promising tickers are wildcards only).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.