It does not matter what you may think or not think at this point. The truth is there is massive hype around this stock right now and a huge run is in the beginning stages.
I got in late may 2022 when I saw those trades going through at 0098 but nothing was coming of the bid. Yes we saw some big increase in the OS but the majority of that increase was absorbed or picked up by what seems to be insiders or a pre arranged agreement. We can not deny that when those big sells went through at 0098 nothing was being removed from the bid. When the shares went through at 0001 yes the bid decreased accordingly however this was not so when we saw the dumps at 0098.
Where did those shares go if not into retails hands they either went into MM hands or they went into a third parties hands. I tend to think that there was a pre arranged agreement to acquire those shares at 0098. This third party can then offer to retire the shares upon coming to agreement. Perhaps the company that wanted to merge with bowmo but only if bowmo went public came to an agreement with bowmo concerning how to reduce the outstanding shares.
It’s not difficult to acquire the shares by keeping the amount each individuals acquires to just under 5%. On top of that no filing would be required for the buy back if a unrelated third party was just buying up the shares. This way the public does not see what is transpiring.
We saw in the first press release from bowmo that the next stop for the company is Nasdaq. The doubtful Charlie’s railed against what bowmo said, how can they do this the OS is to high, there must be an RS coming ...ect a bunch of statements made in order to try and grasp what the company said in order to try and make sense of what the company said. All opinions based on limited knowledge and understanding of the companies plans. The wiser traders did not rail against the company but took a position of let’s wait and see their plans.
Did you know that bowmo has produced audited financials. This is an extremely good sign, any uplisting would require bowmo to produce audited financials and they have already taken care of this aspect back in May 2022, when they announced that they hired auditors to produce audited financials.
The ceo of the company say that dilution has not taken place even though we have seen an increase of the OS. Perhaps when he makes this statement he is making it with more knowledge and understanding of what has been transpiring with those 0098 trades then we retail traders have.
It has been said that the CEO is communicating to the market that no RS is the the works, well all this would make complete sense if those shares that we saw increase were actually going to be retired, perhaps through that deal with the incoming acquisition. That specific acquisition wereinwith the incoming company was willing to merge but only if bowmo went public.
Have you saw the big names that are involved with bowmo, government bodies, Fortune 500 companies Ect....this is not some little otc trying to find a business trying to find its way...something big is coming here...
