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Saturday, February 27, 2021 4:42:19 PM
All those pump and dump stocks say the following.
Once the dilution stops, the price will rise.
The problem is the dump never stops and when it does, there is no one to left who wants to make a market for the shares.
If diluting and saying when it stops the price will rise is really valid, GNGR is doing it wrong.
GNGR's low float is not enough to dilute.
When you see a company with 10,000,000,000 shares O/S or in the float dilute them for $.002 per share comes to $20,000,000
If GNGR's float of 108,000,000 did sell out at the same $.002 comes to only $216,000
The company is worth far more then $216,000. If they were not, they would have taken the $500,000 cash offer for just the public vehicle that did not include the successful casting business.
The difference is, as a diluted stock sells shares, they just keep adding more shares to the float. As long as there are buyers, the company will dilute. And as long as that happens the shares never rise.
If GNGR shares are all sold and the company continues to succeed with their global sales and expansion, and demand rises for shares, investors get to sell shares higher not the company dumping into the float suppressing the price on a downward spiral.
GNGR is a low float, no dilution, no bad actors, no debt OTC with a successful line selling globally.
If GNGR wanted to be a scam pump and dump, they are doing it wrong.
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