A larger issue to consider when looking for price movements in any OTC stock is the new regs being enforced. Peeps come to the OTC looking for the lotto plays, extreme swings created by hype. The OTC was rampant with scams for years that created that volatility. Social media has been the primary source for the uneducated who were easily duped into buying frenzies.
The new reg enforcement has served its purpose and has reduced that volatile environment considerably.
Going forward tickers not acting like legit companies(I say acting as there is still plenty of room for complex scams) will not be available to trade by retail. This is already in affect and has been with most brokers for more than a month.
$FUNN is beginning to trade like a legit company with price matching actual book value. Flippers looking for extreme moves have left(unless they are stuck, these are the guys making all the vague dubious claims). Now its actual investors. The problem is, a legit company attracts investors through proof of financial success. Most OTC companies struggle in this area and $FUNN is no exception. If and when they begin filing quarterly and annual reports that prove the growth we think we see, the price will rise(or fall)to match. There may even be a day it gets too much attention and rises exponentially but, the days of weekly or monthly roller-coaster rides is over for most OTC tickers.
Blaming the CCPvirus and expecting massive changes triggered by false perceptions of it is not a good trading strategy. Fewer and fewer people are duped by the politicians and media about the dangers of the CCPvirus compared to any other daily life threatening hazard and have been living normal for months. $FUNN already survived the peak and now just needs to show it can grow like other chains that traders ran up over the years.
