I don't normally get into a stock like this with no liquidity, on OTC etc. I left pennies behind years ago however this one has peaked my interest over the past year. So, today I bid for 10k lots x 2, and was filled slowly all day on the bid. I'm 20k in now to start...
IMO-
Based on the trend here looks to me like someone has been selling that was maybe given shares, and everyone buying is bidding low who wants in, so each day we trickle down, which is good... no one is really selling their shares if they are a shareholder think about it, they would be selling at a loss here. SO, for now we get cheap shares until there is demand.
I believe liquidity will come as investors see all of this progress NXG is making, turn, and turn into real results-sales-revs. IMO the pps will shoot up quick given low float. With that said I'm hoping NXG doesn't have to dilute to meet liabilities and can make some real sales. Then we have a long term winner.
For now my plan is hold for $1-2 pop if company doesn't have sales or revs by then they will sell shares to raise $$. Happens over and over, be smart, this could be a gem. and IMO at .28 we got a deal that will pay out soon.... GL
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