China Food and Beverage Co (CHIF)

[Renegades17]

More importantly, big sellers are long gone



Not sure about whales, but bigger buying will come once information updates start hitting. It never shows up at bottoms- those are marked by exhausted sellers.

Stock is being pinned by a relatively big block. That will get eaten up easily once deals are announced or completed. The stock is so thin, any appreciable buying, even a few hundred thousand shares, will result in a multi-fold increase.

Personally, I hope they walk away from the Moshn deal as it has nothing to do with esports. They only signed an LOI, which is easy to walk away from. Perhaps that's what's going on. They saw the tepid reaction to that deal and have shifted focus to other deals in the pipeline.

NSAV was a ~15 bagger from its lows a few months ago. That was with 6 billion shares outstanding (peaked at a market cap over $900bn). I believe the move here will ultimately dwarf that one, but it's up to SBC to execute.