Hate to break it to you but the OTC and pink sheets are pretty much the same thing to most penny investors. Penny stocks thrive on hype/interest/momentum. People dont care about fundamentals on the OTC, there are no analysts/funds giving these stocks underlying support... If they continue to ignore this aspect we’re gonna be a subpenny stock again and he won’t even be able to uplist, because the price doesn’t meet the minimum requirement.
If this stock drops lower he likely wont be able to raise money over .01 and we could see shares balloon out of control... but luckily for Roger his shares are protected with the preferred status so it won’t hurt him if a reverse split hits.
When you need to raise money you have to be countering the dilution with interest. This is the freaking number one golden rule. If you’re raising millions into a depreciating share price it’s going to get ugly And I don’t trust Rogers experience in a scenario like that. He has never ran another company and I don’t think he’s followed many penny stocks. I doubt he comprehends the dangerous game he’s playing with all of our money
No doubt this stock could sustain higher levels with the proper market awareness campaign, especially in a market like this where people are throwing ridiculous amounts of money at overinflated valuations. He does nothing to support the price, but if he did we would be higher and there would be a lot less dilution.
The worst thing you can do is not try to boost your stock until you desperately need to. If something happens tomorrow and he needs a ton of cash, he could be forced into an extremely desperate deal. This is why it’s so dangerous to neglect this aspect... when the price is appreciating and the info coming from the company is exciting and consistent, funders give you more money at better prices. People love to throw money at a hot concept that’s appreciating in value. People would rather pay MORE for something that’s exciting, than get super discounted shares for a company that just sits.
He used to raise money around .09, When the company was a fraction of the size. but now he’s raising money at .02, during a red hot market for equity risk... while new locations are coming, self titled games are launching, etc. Makes no freaking sense why he puts in so little effort. Absolutely stupid beyond words and i’m not going to be nice about it anymore.
My messages contain many opinions. Please do your own research
and validation.
