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Monday, January 31, 2022 7:44:37 PM
What are the news/events that usually cause a penny stock to drop?
1) Increase in A/S -- already happened and backed-in -- for the purposes of allowing large/institutional investors to lock in shares during he up-listing IPO (which they then must hold for 6 months without any dilution effects per page 6 of the filing).
2) R/S -- already announced and filed, baked-in -- for the purpose of meeting the NASDAQ up-listing price of $4.
3) The last but certainly not the least -- convertible debt. Most of the penny stocks "die by a thousand cuts" from relentless and vicious circle of VWAP-dependent convertibles constantly converting and dumping instantly at the bid. BMIX HAS NO CONVERTIBLE OR OTHER KIND OF DEBT - not an issue.
Even if you are not feeling confident about the catalysts here, the risk of BMIX going down in near-term is minimal as we have simply very little "bad news" potential left after the most recent events. These odds are certainly worth a gamble, if you ask me.
BMIX
This post is my personal opinion. I do not provide investment advice.
ImOnABoat
Recent ATLX News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/05/2024 08:10:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:00:25 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 09:19:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:30:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 11:01:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/17/2024 02:30:41 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:55:05 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 03:23:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 09:30:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/27/2024 02:30:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2024 02:30:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:00:24 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:00:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:00:13 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 10:00:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 02:30:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/30/2023 02:25:19 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/30/2023 02:20:14 AM
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