Thursday, August 03, 2017 9:15:56 AM
These penny stocks are destined to fail, at least the overwhelming percentage of them. Ive been fortunate to own shares in a couple that became monsters over the long term but that is an aberration, not the rule... and to be honest, I was long gone before these companies reached their pinnacle
However, there is still plenty of money to be made in junk stocks. Aside from sleaze ball promo's which are just a stroke of luck you happen to be there at the right time, it requires constant monitoring and understanding what to look for
I can tell you this, sitting around and trusting management to do a good job is not the path to success because you will lose 95% of the time on the OTC.
Lets set aside the fundamental for now. ONce stocks like KRED lose momentum over a period of time, the following occurs:
it begins to establish lower average costs in the shares, which equates to heavier lifting to reach previous highs
Previous unregistered fundings come due and shares are then eligible to qualify for 144 and be unloaded - more downside pressure
KRED will find it more difficult to raise clean money and they will need it especially during growth, as it operates cash flow negative
Debt cant be paid so they convert to equity as KRED has already done - more market pressure
When something positive does occur, its difficult for the shares to rise much. Just check out KREDs last PR - great news regarding Q2 sales but the stock barely budged
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM