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Alias Born | 09/01/2020 |
Tuesday, September 01, 2020 12:04:27 PM
I believe this is what is happening(today):
https://www.investopedia.com/articles/trading/05/playinggaps.asp
I have asked the owners of five micro breweries what they thought of Brewbilt. They were all excited, but only one microbrewery was both willing and able to purchase. Brewbilt is looking to be control a discriminating market. Essentially, they seek to become "the Ferrari of microbreweries." Is there a market for this? Perhaps. Perhaps not. I have been unable to verify their claims of massive sales. To be fair, I didn't try very hard at all. Their quarterly report did not reflect huge sales. Will the next one? I hope so...
Today I will buy again if the price dips to my mark. There is a lot of upward pressure on this stock. $1.5M at 0.5c.... is 300M shares... They don't even have 300M shares outstanding....
Mathematically there is no way this stock can stay under 0.7 pennies without heavy dilution and a merger... and it is highly probably that this stock will rise well over a penny this week. 10c seems lofty, but not impossible(though I don't know how it would sustain at 10c). If anyone can tell me how this stock will stay under 0.7cents, please elaborate. I'll pay you by privately sharing my additional perspective. It all depends on when and how they offer their dividends. This is an unusually competently financed penny stock. This management has expert advice. I hope the advice isn't as evil as it is brilliant. Time will tell.
My conflict of interest:
Yesterday, I sold enough at avg0.985c to cover any losses in the future. Could going to 1 penny too fast and switching markets to OTCQX all in one day actually hurt the company? I think this is a real company that puts in a lot of effort. I think they deserve a solid chance at capital. However, what do I know? I am as lucky as I am dumb.
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