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Wednesday, July 24, 2019 5:14:33 AM
From mid-August 2013 to mid-August 2016, 200 companies moved from OTC to NASDAQ or NYSE, out of around 10,000 securities:
https://www.cnbc.com/2016/08/16/trader-talk-how-can-a-company-with-a-35-billion-market-cap-have-no-revenues.html
So yes, it is rare, but $TTCM could pull it off. Light on cash but heavy on product & free labor (CEO, at least, works without pay).
Hell, my broker - who is pulling down 13%-16% returns for me year in and year out, has some OTC stocks in our portfolio.
But blah, blah, blah.
What I want to agree with 12ka on is people running around screaming "DOLLAR! DOLLAR!" Not like we haven't heard that on the message boards of every security on OTC...No matter how ridiculously sh*tty that security happens to be. Only a small minority of people do this, but it makes us all look foolish and amateurish. Seriously.
Try to be more realistic. Scream "NICKLE! NICKLE!". And nothing at all wrong with "looking to double our money" or "banking on 50% returns over the next couple of weeks". Doubling my money in two weeks seems damn good incentive to me. I am ALWAYS up for doubling my investment.
And I am not even going to get into "DOLLAR talk" vis-a-vis new and/or unsavy investors.
Just food for thought. All IMHO, of course.
I am only an egg. Any opinions, thoughts, or ideas I offer are my own & should not, in any way, be interpreted as informed, knowledgeable, or practical. I wouldn't take anything I say with any degree of seriousness.
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