PSYC Corporation (PSYC)

[FreddyJ_30]

I've said it before, if you believe in this company you're going to have to endure the short term pain of riding this down to .007. At that point, the dilution of shares that resulted from the reverse merger should be priced in. Then, only solid news of realizing revenue, will turn the ship.

To me, it seems they want the dilution priced in and are holding all their cards close to the chest until what I hope will be a Q3 coming out party. For now, I believe their press releases have been intended to communicate simply that "we're still doing business."

Do not take this as anything but an unsubstantiated prediction, but Nov. 14th may be the time for a big reveal. Until then, this stock will likely stay in the .007-.009 range with the current trend likely pushing it closer to the low end. But Nov 14th is the deadline for 10-q filing with the SEC for the 3rd quarter I believe (SEC deadlines). Right now, they are not reporting to SEC and are still unaudited:

See FINANCIAL REPORTING

If on/or before Nov. 14th, and a share price that's likely in the .007s, I'm looking for them to announce:

1. Completion of audit.
2. First quarterly filing with the SEC.
3. Some type of revenue realized in the 10-Q even thought they'll
still be in the red.
4. Some type of news regarding onboarding merchants in other states to
prove their growth potential.

If this were to actually occur, I'd look for a massive spike in volume. Over 20+ million at least and a recovery that could get us into the .02s, maybe .03s with sustained daily volume, by end of q4. This is the type of news that investors with any big money are waiting to see. I think that these are the 4 cards they're holding on to. A 5th card that would make for a winning hand would be an announcement of securing some degree of local/state government acceptance and/or contracts.