Wednesday, March 01, 2017 2:22:27 PM
Actually, fundamentals are nice but not all that relevant in sub-pennys from my experience/observations. People do their own due diligence if fundamentals are important to them. So TSNP really just needs to continue to exist as a real company and if it is not actually growing, give some illusion of at least the intent of it. What we need more than anything is for people to stop selling into the bid when we get one. And it's the growing bid with a shrinking ask that is for the most part what is needed before any catalyst from any source can stimulate buying pressure.
It is really the same as a stock sitting at no bid with 200 mil on the ask at .0001 vs. a no bid stock with 20 mil on ask at .0001. Even if this had 10 billion outstanding, the lotto play folks will take a chance on TSNP if there is a reasonable chance of getting out if it doesn't move. It's a lot harder to get out on periodic small volume days if there is 200 mil parked on ask at any price vs. 20 mil on ask.
Cant seem to find it now but this share structure isn't that bloated compared to some real movers that I have seen; especially if share were held and not sold. Just as a comparative, one stock that got 3rd party promoted last week went from .0002 to somewhere between .0018-0025 in like 3 days on a 15 BIL. or thereabouts O/S, and if I recall was getting diluted even more on the way up. TSNP may be able to experience that if the bid wasn't immediately sold into every time it developed.
I think for most that may consider TSNP; If there was only 10 mil left on the ask at .0002 here there was reasonable belief that it wouldn't get piled right back up or knocked back down, the confidence would be there to take out the last 10 at .0002 just to get to .0003s. I know I'd go for 5 of it. Instead, my test bids keep getting whacked and cleared out at .0001. If the bid keeps getting cleared, how is that supposed to provide confidence in upping the buy price or confidence to buy at all, regardless of where the company stands? Personally I think "would be" buyers at .0002 and higher are waiting to see a stable bid stick at .0001 before they will even consider buying @ .0002.
And there may be a laundry list of negative aspects, but in my opinion, keeping them highlighted cant help the share price of TSNP any more than a failure to report, perceived failure to expand/grow the company(as no one has any actual numbers at this juncture to prove or disprove that aspect) failing to buy back 90% of the float at 5cents a share(which is what it would take if he made a definitive announcement as to such an attempt on that intent, and than ridiculed when such an attempt bankrupts the company, because we both know what kind of reception a proposed R/S will get to bring it down to size).
But at least it is a real, verifiable company, whereas there are several laundry lists worth of ghost companies that only exist on paper or Ihub that have a ton of liquidity, but just until the "company" or creditors run out of shares to sell before hitting the reset button.
again just my opinion
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