Wow. Again, Majority of negative posts emotional based and predicated on incorrect entry point on this stock.
The pps, like all pinks, is driven short term by initial momo, and players using charts/technical indicators to make profit. Have been 3 money making plays so far since merger announcement.
1.) Initial buy @ .006 right before PR of merger from WWCD; and increase of pps to .07+-. 2. Then, after flippers/profit takers sold off, pps to retrace to .0017+- to short term MA. PPS then ran to .032 with second run for next profitable play. 3. Then, again after pps retrace back to .0017+-, quick profit play to .03+- again. Traders who have held this stock since buying @ .025+, now suggest this stock is a scam, bs dilution, etc.
They blame pps decline, (which is really just short term swings in pps as smart traders play it), on company not performing on time. Nonsense. As with all pinks/otc's, pps direction is based on the short term profit trades discussed above. HOWEVER, does not mean the co. is a scam, or that the pps cannot still rise to .07-.10+, in the near term. Why? Based on the best factors of all. Small float and real revenue near term.
If you look at other pinks/otc stocks with large upside; many do not have any basis for doing so except for supposedly strong boards/posters hyping the stock; and therefore all the sheep jump on which continues the pps upturn. Momo creates its own momo. No real revenue, no real audited financials, 10X the share count as GBDX; and BS PR's do not seem to matter. The stock goes up for a 5 bagger and all hail its glory.
Just because a stocks pps fluctuates during a continued rise does not mean a negative. It means to play the short term rise, sell and rebuy again. And then, once revenue estimates and other fundamental facts are confirmed; ride the pps to large gains. This is GBDX. Again, the former mgmt. of WWCD did not merge with GBDX to not make substanitial revenue over the next 3-6 months.
And key again to real upside potential in pps in such a small float and real revenue (nearterm), as will be seen with GBDX.
Best Regards
Not a buy or sell recommendation. My opinion only.
Yes. The pps has risen and dipped; but based on normal
