RMC4493,
Going to OTC current (Twice and soon a 3rd time) has proven to not help the stock. That is why 90% of all OTC stock trades “YES 90%” of each day’s total shares traded are from only 500 OTC stop sign and caveat listed stocks out of 12,000 listed OTC Companies.
But only 10% of the daily revenue is from those top 500 share movers, this means 10% ($400,000,000) out of $4,000,000,000 in dollar volume per day is done by 500 stop sign and caveat stocks that make up for 90% of all shares traded per day.
And those top 500 companies that make up 90% of all trades are with shares priced under $.01 mostly $.00xxx. The low percentage of money spent each day on more of the stocks means the shares were priced very low from questionable companies.
This means most buyers of stocks want cheap shares so they can buy a lot of them and hopefully buy 1,000,000 for $.0001 hoping they will go to $1 and they will make $1,000,000.
Here is what will happen if the amendment does not find some red tape to bypass that amendment so STOP signs can sell shares even though there is no broker quote. Hell they are doing it now with Caveat stocks right!
And with $400,000,000 each day sold on pumped stocks is too much money to lose so they will find a way.
But let say the OTCs that make up for 90% of the shares traded on low price stocks do not want to file to be current and those tickers vanished.
That means that 90% of the traded daily volume would dry up from let say 88,000,000,000 down to 8,000,000,000 but the money would not be as drastic as $4,000,000,000 reduced by $400,000,000 is still $3,600,000,000
The investors who spend $100 for 1,000,000 shares at $.0001 would not move to a higher priced legitimate company stock that they only get 1,000 for the same $100 at $.10 per share. That price is too high for the dreamers of $100 turning into $1,000,000.
GNGR is in a very odd but good place and September will see what happens to those 500+ OTCs that make up for 90% of all daily traded volume.
Will those who make up for $400,000,000 each day in share buys at $.00 and $.000 priced stocks look at GNGR at $.01 or higher and say better get them as $.01 because that is now the new LOW share priced stock? Well see.
Meaning that there would be no more $.0001 pump and dumps to buy into. That question will be answered in September but I am sure if there is some back door to get the same stop sign OTCs to keep selling, people will keep buying knowing they are scams but just want the lotto thrill that maybe $100 buy will turn into $1,000,000.
GNGR will be current before September, the CEO has a plan and that is put into the public as a factual event. Will people react? That has been proven as NO, it won’t.
Are there other ways to make GNGR more attractive to investors? YES but that means that the shares will likely be priced out of the range of the buyers who make up for 90% of all daily shares trades as proven by the data.
GNGR will likely attract the non-lotto investors and find a different group with different investment criteria.
GNGR at even 5 cents is to high for most of the 90% OTC volume investors who just want more for the money regardless if those shares rise, the dream of them rising from $.0001 to 1.00 is just to big a dream to pass up. This is proven by those 500 companies listed on the OTC stop sign are almost all under $.01.
People don’t like GNGR for whatever the reason (Mostly personal). They can’t say GNGR has a bad structure because GNGR has a great structure.
It all comes down to what can be pumped to move the price or liquidity.
GNGR does not want ANY of the investors who make up for 90% of the share volume on questionable stocks that are under a penny.
GNGR will make their move but the low priced investors will walk away because over a penny is just too expensive.
GNGR is not and will not be one of those 500 low priced stocks that dilute, this has been proven over and over even still some do not like that structure, we say to them, you are looking as the wrong ticker.
If you want 1,000,000 for $100 there are 500+ that you can select from. One problem is for sure!
Many who did buy those cheap OTC stocks years ago found the ticker was de-listed or the company reversed into a new ticker.
It seems people now see GNGR as a winner but want GNGR to drop so they can buy 1,000,000 for $100 so they can get in cheap. With only 108,000,000 float at $.0001 means you can buy the float for only $10,800.
So the frustration we see is people LOVE GNGR they just don’t want to pay $.01 for legitimacy, they want the fast pump in and out and turn $500 into $750. That is proven by the money spent on 90% of the daily shares traded on average comes to
$400,000,000 divided into 80,000,000,000 shares is $.005 per share.
Also Ronin, Do NOT confuse sales and revenues as a decision to say a stock will move. If that is the case all $400,000,000 would stop buying into those 500+ stop signs with no revenue and millions in debt.
HOW about that!
