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Alias Born | 07/31/2019 |
Wednesday, September 11, 2019 9:33:13 PM
1. Someone wanted to tank the price for either the reason of accumulating much lower.
2. Complete noob with a massive position seen it go red a little and just smashed sell in a panic.
3. (Most likely reason) MM algos can see stops set and didn’t see huge bid support and was most likely eying stop losses.
Hell come to think of we are already trading like a big board stock, we release great news and for reasons completely unrelated to us we tank.
Also MM do the same thing on big board stocks bringing the price down or holding it at a certain level for a multitude of reasons.
After 2 weeks of Green Day’s and huge buy volume and very little retail selling they were most likely naked short around 10-15 million shares with a .0255-.0275 avg so when they seen an opportunity to smash the price down with relatively a small amount of shares and did it.
Like they have said multiple times they are a growth company and it shows. But honestly I think we are spinning wheels in the OTC and wasting huge quarterly reports on deaf ears.
What I am thinking is they know they have a ton of updates on M/A and contracts coming up before next Q. What they will most likely do is just bombard the market with just non stop massive PR after PR leading up to the 4TH Q and we all know that the investor presentation estimate is not even including the trade credit the we received at literally last day of 3rdQ. If we were to go back and read that PR we would see that they said this money will produce $7-10 Million annually so with simple math even using just $7mil that is an additional $1.75mil in revenue on 4TH Q that is not even mentioned in that presentation. They also have profits that are being fed back into the business in addition to the $605k that the have now had a full Q to utilize. The 4th Q looks like we are going to be nearing $7-8mil revenue possibly a little higher. Now using the 2018 4Th Q revenue of 2,196,148 and $8mil revenue that would be a 264.27% YOY increase not to mention a 129.42% just on QoQ basis alone which is just unheard of. But wait it gets better you heard him baseball product fully rolled out is conservative $50-100mil and they expect to be up to 20 teams easily by next season based on additional 16 rolling out as per call. If you want to flip go ahead that’s cool but just elementary math and any type of DD will make you buy as many shares as possible at these prices.
I don’t post often but try to contribute useful posts.
Peace homies.
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