Victory Marine Holdings Corp (VMHG)

[SmittyInvestor]

I am now bias bc I bot shares a couple times under .07 so I will say Yes, it will go to $1
my reasoning is the low float, high number of restricted shares and orlando will need the money this fall so he needs the SP to go up. With a low float this can be manipulated higher. He will need to sell shares to fund any ideas he has as well as pay bills.

Remember he has a big expense account to fund, there are shows, travel to costa rica, distributorships to start and his pet project of building a boat that very few people will buy. The only way for him to do that is to sell/broker yachts which he does not do alot of or sell millions of shares. No reason to sell shares until the SP is higher.

His broker will play along because he gets the trading fees

The outside item is he increased the AS to 1,000,000,000. I do not think he is smart enough to do that on his own as he had plenty of room to sell more shares, SO that can mean someone told him to do that. I would believe someone wants to do something with those shares other than sell them. This would be another item for orlando to create some sizzle on for a price increase.

Sorry you were a bag holder, most traders at some point experience that, the key is to go back and see what happened so you dont do it again. I think too many people were following a fake merger rumor and my opinion is orlando on his own has not shown the capability to do that. He hasnt done anything in 2+ yrs.

Either way I think this will be a good trade and a stock that will run up easily so I will play it. From this level there is little downside.