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Monday, July 06, 2020 2:04:28 PM
the kind of investors needed to buy up that many shares don't believe in "stories" or buy on predictions...they will require proof or they will need significant discounts..
"would imagine most will be looking to hold at least through the end of the year to see how things play out."
a more likely scenario is that most will hold out on buying until they see how things are working out...
"Certainly if I was buying in for the first time I’d be looking at the potential here and holding for at least 100% profit not selling out immediately for a small gain."
said every penny stock investor in every penny stock dream...ever..
"If anything the offering will help put a floor under the share price."
rest assured...a floor will be found...and the tons of shares being offered will certainly play an important role in where that floor ends up being...
it would be wonderful if all those shares were bought by large buyers who believe in the dream...
but that aint likely...and I don't see a ton of small time buyers buying up all those shares either...on a good day, kblb will trade about 1 mil shares..that means $11.5 mil worth of shares is equal to 55 days worth of normal trading..and thats if the trades are all buys with no sells..
so who will would be likely buyers of those shares?...theres no pie in the sky penny stock dreamers running institutions...
there are, however, hedge funds that like buying into smaller companies that have some potential and are desperate for cash...if they can be given significant discounts, they have the opportunity to gain significant control over the stock price...
the stock price will be in their control...news wont matter much..they can make the pps go up and down as they wish...and they can make money off the volatility either way...because the pps will be in the dollars...and their preference would be to be on Nasdaq...
of course Maxim being the sainted company that it is, probably would never sell those shares to a shady hedge fund...right?..im sure kim would never allow that right?..
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