Artificial Intelligence Technology Solutions Inc (AITX)

[DwyaneMcRoberts]

Anyone who ever held Solaris could have likely already told you how this was gonna pan out on the 31st. And that if you wanted to lock in profits you had to compete with NITE.

The market cap premerger was like 13.1 million (that's like what, a current PE of 1/13 for a start up). Steve and Parsons are smart dudes, they were probably like, let's use all this pps inflation and incoming volume (aka the pump) to rip into the 26 million shares we just issued. Which is why NITE didn't move anywhere at open off that gap.

Everyone should have realized that RAD was strapped for cash and that dilution was the easiest way for the company to raise money. At least be thankful the Super 8K was light on the convertible notes, and not a lot of toxic debt.

But the company needs money...why do tech startups go public...it's because THEY NEED money, not to make YOU money

This is an example of why pumping is not a good thing and people focus too much on the "bashers" than the "pumpers," which is homologous to "greed inciters"

The chart was hard to read on this one since it was a pure news play...but gut instinct should have kicked in (1) when the gap appeared, (2) when you read that the float had increased 26 million in the 8K, and when NITE was not moving with that infinite ream of 2500 shares.

Everyone's money was already in this, it was basically a done deal. There were few people waiting on the sidelines to hop in once this got approved.

Reasons like this are why I don't play the news as much anymore.

I wish this stock a speedy recovery, though I think it will test that 200 DMA around 10-11 cents.



PEW PEW PEW

D