AGAIN, Show me where S FIO situation is unique to the OTC market right now? Other than the few faithful that Try to day trade or swing trade hoping for the few percent will add it up..... Nothing has changed in the OTC since it's crash after the covid binge. I'm not sure why this is such a hard concept for you to understand.
Millions are traded every day, I get it, How is this different from every other stock out there. Maybe you would rather see billions traded every day from those that have 10, 20, 50 Billion shares outstanding?
Reducing the AS Does not mean a whole lot other than a show of confidence that they're not intending on easily dumping a great percentage of diluted shares. And if they follow through with their conversion there's going to be even less OS That will reduce the market cap even more.
Until the larger retail investor base and even small scale institutional investors see the OTC as being undervalued, Most of these stocks are going nowhere except for the Cult followed catalyst jumping junk. And MY experience has been when the profitable, expanding, truly undervalued (Determined by standard industry ratios and not what, Kbaz thinks it should be) companies get noticed. ...they are the ones that jump quickly.
I don't know if you still hold shares or not but the majority of us that are left, Understand the risks and issues like slow audited financials.... But that's where you truly do well in the OTC..... Patience not instant payday!!
I keep asking for a better stock stock in the OTC that has better stats and you fail to list anything. Even without audited, I'm sure they have to comply by local and country requirements for reporting at least to some minimal level (taxes if nothing else). If they are lying about half of their revenue or profit margin...... This is STILL undervalued Is by all comparative measures.
Email management or make a comment on their Twitter site about wanting to see audited financials. Most of us Have Acceptef that risk. Maybe Dunkin donuts is more your taste.
