Hi Alvie,
I have been reading these boards for a while and know you come from a good place in your posts. I have agreed and disagreed with some of your posts but generally feel you are a “good egg.”
This said, I disagree with your assertion that people aren’t selling their shares because of conviction or knowing more than the gen-pop, general public in non- prison terms.
Remember this is a bulletin board stock traded over the counter, or as general vernacular goes, a Penny Stock (meaning it is less than $5 per share).
You’re dealing with a lot of people’s play money here. Very little “sleep at night” money invested in penny stocks. Soooo, you have a scenario where when people are under water with their play money, they are happy to wait it out because it doesn’t affect the “mothership.” There is very little conviction in any penny stock holder’s view. By nature, it’s a “let’s see what happens when I roll the dice on this shit” kind of thing (unless you’re an employee, insider, or someone else who has an emotional attachment or financial leverage to the company).
Hence my warning about a “dead-cat bounce” on this stock a while back. I have not talked to any execs and, honestly, I don’t have to. Their comedic actions are all I need to determine they have no F’ing clue what they are doing. I can even predict what they will do before they do it. Mark my words. Their next round of capital raising will match, very closely, to what I have laid out in a previous post.
Sorry for the long post. There was a lot of activity in the board today and I want to incorporate a lot of what I have read.
MJ 2.0
AI
