Thursday, June 07, 2018 9:31:19 AM
It all comes down to supply and demand. If those who are financing are ALSO selling then the demand has to somehow keep up and that is a very tall order with a penny stock. Usually it just doesn't happen and the prices go down significantly. Companies sometimes have enough good news or paid promos to help offset the selling. Rarely, but sometimes it is enough to actually cause the price to go up, and that is the hope here - esp as we get closer to a number of announcements regarding the movie.
Remember though - there has been no announcement of the movie being completed, of distribution in place, of a marketing plan in place. Nothing.
This MAY be a rare exception to the norm in that the financers may be hanging on to the stock - they may be true supporters. It would be helpful to know, but Brian did say that more converts were coming due in June. Has it happened already? Who knows?
The long term is just a sum of short terms, and short term is usually wildy fluctuating with OTC stocks for the reasons mentioned above.
see next post for some meaningful numbers
My philosophy is to just be honest and balanced, and let the market decide if it agrees or not.
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