We're just starting to see the situation I described earlier where a flood of buyers will start coming in at the same time the incessant supply side is evaporating. You tried buying $2K and couldn't do it without pushing up the price. And we just got a raise in O/S so we know the supply side hasn't even been cut off yet, though I'm sure it will any week now. Now imagine someone who wants to take a $1 million position or even $100K...Good luck..The average retail investor doesn't even know about this stock. Once we're above $.48, which could be by tomorrow, it'll show up on many more screeners as a stock finally above its 200-day moving average bringing in many more traders. And once the cash dividend ex-date is announced the dividend yield will show up on stock screeners as well and be "official". Even at $1 most new people will pile in because it'll be a company with growing earnings (finally) with 1 P/E ratio, paying a 10% cash dividend. Obviously, any financing will greatly increase earnings growth and share count reduction. FOMO (fear of missing out) is about to kick in really hard here..
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.