Tuesday, September 11, 2018 3:07:34 PM
Gotta remember folks, most stocks that go 0001-0003 to 0015-002 almost always pull back to trips. Peeps who initially bought in from 0003-0015 are going to sell off for various reasons, mainly fear of dilution.
That's sort of the elephant in the room that every trader is scared of, and you can't blame peeps for taking their profits with that in mind. It just is what it is. This is the OTC.
APR* did the same thing BTW. 0001 to like 002 on initial pop, back down to 0003, then 110M on the ask at 0006, and it still rebounded and now it's been trading between .01 and .05 for 4 months. It has a 4X bigger float too at around 2B shares.
Overall, this is great news. SS in tact. Float 520M, and as we can see from tweets, updates are not stopping. Now, imo it'll take a little time to right the ship. Momentum has to build back up, thicker walls have to come down because lots of people bought in above 001, and now they're freaking out and selling for a loss and they're stacking the ask. But, it'll plow through in due time and I think the real run will begin after. Once we break 001 again... it's on! Company says frequent SS updates coming too, so next time we're up the panic-gang should be able to chill out a little bit and hold long. Let's see!
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