Monday, August 31, 2020 5:16:11 PM
https://www.otcmarkets.com/stock/BBRW/security
On 8/13,the number of shares jumped 200,000,000. Pure speculation on this next part but I suspect that some more dilution occurred today. Time will tell.
I figured that the "oooh this could be big" hype would lead to a run from 35 but I didn't expect it to nearly reach a penny.Congrats to those that did well. Having said that, it's empty faith buying and it's going to come down to earth.
The secret ingredient in Colonel Sanders BBRW recipe seems to be the fear of missing out. It seems to be the running game on here. Slow bleed until around 2 weeks away from a meaningful date (10Qs and now buyback) and then an optimism fueled ascent.... followed by a "darn it, they got us again" plunge.
I don't expect a plunge this time, more of a slow bleed that lasts for the first three weeks of September with each day holders saying "Maybe today will be the day that the buyback starts?" I feel badly for those folks.
For those still holding, you might get one last FOMO jump to start the trading day tomorrow. If I were still holding, I'd get out early before reality starts to set in. Probably your last chance.
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