I’ve seen .0001 run to .01+ in a day on 20 billion AS plays.
No one is debating that ridiculous little sub penny stocks can run on hype. They also nearly always collapse after the run -- back down to match the fundamentals.
So what happened to those same stocks in the quote above - to the PPS after those short term runs?
How far back down to the reality of the fundamentals did they collapse? And what happened to the last investors to buy on a hyped run at .01, when it all fell apart?
So in the case of the quoted stocks, some made money and got out quick, and others were trapped with little hope of ever becoming whole in that same stock.
That's the problem with OTC sub pennies that run on hype and hope instead of solid fundamentals. The quick make money, and the others become bag holders.
It will become VERY evident 5 to 15 trading days after RM.
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