Sunday, February 10, 2019 6:02:13 PM
Facts:
1) OS is 33 million and float is around 15.5 million.
2) The company has preferred shares that could be converted but have not. All of these shares our held by insiders. Years away from any kind of conversion and we would know instantly based on filings. This is 470 million shares.
3) Warrants are limited:
As of September 30, 2018, the Company has four warrants issued and outstanding granting the holders the right to purchase up to a total of 657,800 shares of its common stock. They can buy them at $.50
Assumptions/Guesses:
1) There has been a ton of buying on the bid of .15-.17 of 100k share chunks in the last month. Total volume has been around 41 million since this first started trading. Take a 30% number of that on people that have bought to accumulate or are holding. That's about 12.3 million of the 15 million float. We are very close to locking this thing up. If my number of 30% it could be sooner...if it's lower could take a little longer.
2) When news comes and we get another 5-10 million share day we will easily see 100-150% increase. If volume continues who knows how high it will go.
3) This is truly a low float play. It's one of those stocks that just keeps getting accumulated it will eventually POP! I am betting on this.
Warning signs that would make me bail:
1) Any filings stating shares have started to be converted. IF this happens it's timing to sell. This means their plans are not going as expected and need shares to stay afloat.
2) Overall this is a boring stock right now but also a pretty safe one just waiting for them to make the next move. New patents, new deals and new more news!
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