Followers | 147 |
Posts | 10288 |
Boards Moderated | 0 |
Alias Born | 04/06/2014 |
Thursday, February 18, 2021 4:08:08 PM
however, when you start to point toward calculating a share price in the subby market through means of revenues.....
you are taking an approach that is not congruent with how the subbys trade....
A subby trader is a different trader then a big board trader.... so the question on this stock should be ..... what catalyst is in the pipeline that can cause subby traders to feel that the revenues can be high enough to bring enough growth for the share price to reflect the sentiment.....
But there is another aspect to this.... FLOAT.....
in the subby world, the actively traded float is an important number that needs to be considered for each subby stock....
if the float is too high, the stock cannot move that quickly....and will have a difficult time breaking to 10 cents etc....
The other day, when this broke the .018 resistance level, in no time after that, it exploded to .031 - the action was jaw dropping how fast it went....
It literally ripped through the second penny in no time.... and why did it do that ? FLOAT
!!!!
This float is insanely low for a subby.
Additionally they dont dilute this in a way that other subbys dilute.... anytime that they have diluted this stock, it always has been for minimal shares to cover basic costs of maintaining their public status.
So when the dust settles on this merger and everyone sees that revenues will be coming in here with a profitable entity..... its over.... the subby sentiment kicks into this low float and we will be moving through pennys like slicing warm butter.....
imho - totally worth the risk to have a piece of this in the port !
Recent ADHC News
- American Diversified Holdings Corporation (ADHC: OTC) Presents Year End Company Overview • InvestorsHub NewsWire • 12/12/2023 03:24:43 PM
FEATURED Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • May 17, 2024 11:00 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM