I've flipped this once. I kept 1 share and have watched it since.
It had a major run... Actually epic. It's undeniable. That was the pump. NOW is the dump. It doesn't matter what happened in the past. If you bought trips and are still holding, yes, you're up. It would have been a better sell before though, as opposed to the current SP.
So, to say one is up, doesn't help either. The time to sell those trips was long ago.
The main point here is financials kept everyone waiting and buying, while the dump was going on. I'm really surprised it's lasted this long, that's why I watch it. The guys running this seem to be experts at dragging this p and d out.
Now, after it's failed, there is a massive convertable note. That would be fine if the company needed money to finance a startup. In this case however, there is "supposedly" millions in the magical financials. If that was the case, they wouldn't need a large convertable note. There would be better financing. Cds are the worst type of loan for companies with no money at all. It would be different if it converted higher, but at .001, the company obviously has nothing.
They do now though. They will have a lot more as the volume goes higher as this drives down to trip one and peeps see an imaginary cheap stock. It's the same on every vert play. The shells were bought up and drive up price and then pumped, now dump is in full force. The company doesn't make millions or they would not have a note on these terms. It's clear as day. The daily ups and downs are to keep peeps here and buying till the shares run dry.
Until then, it will keep doing what it's been doing. IMHO.
AI
