Thursday, January 25, 2007 4:37:36 AM
GBDX trading at 1/8th of real value currently. Does strong short term continued revenue and reduction in share count even matter to substantiate pps value? Oh, that's right, just bs hype and momo control the "sheep". And, be clear, a company does not make effort to reduce share count and try to dilute for bs minimal gains concurrently. DUH. Especially w/GBDX, w/JV pending and such strong revenue. T/A has confirmed that O/S count has decreased as certs continue to be received and cancelled!!!!! This is confirmation of mgmt. actually reducing share count as PR'd.
What happens wed. after tues. strong upturn in pps. to .0075 with many large block trades +500K shares @ .007? Wed. pps even after strong PR confirmation announced of 2nd shipment sold out and revenue $1.4M,is weak and closes down to tuesdays open of .06. WHY? -In pinks/OTC's just like most of life's bs, all weak looking to follow bs hype ("Oh, I need a Cadillac Denali t to keep up with the Jones's) creating bs momo on next chase. Based on no relative info or #s to substantiate value.
IMHO, MM's regardless of big block buys @ .07+, are working weak hands who bought 1-2months ago at much higher prices. These weak hands (quite a few)looking to bail at any small uptick in pps., derail what could be a very strong pps run back up to appropriate levels-(and strength in pps actually based on real value, revenue, mgmt. reduction of share count).
EX.-ABTG up big today on announc. of $1.5M+ annual revenue, and pps to .09. GBDX has twice that in revenue in last 45 days and trading at .006? Amazing!
Best signal to me w/GBDX is the size of each trade over last week or so which are large block trades @500K+ shares at avg. .007+-.
I wish traders would realize that MM's cannot control and keep down a stock's pps while accumulating to cover short pos. once enough interest (ie. large sustained buy volume) pushes pps up.
Weak hands selling into MM bs and sheep mentality w/ a good stock play is pointless.
Best Regards
Not a buy or sell recommendation. My opinion only.
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM