Victory Marine Holdings Corp (VMHG)

[SmittyInvestor]

3Wheel, thanks for the info, yield Sign is up
Per OTC Markets
PROPRIETARY QUOTE ELIGIBILITY
PQE Status Yes
PQE Reason Piggyback Qualified - Grace Period
Grace Period Grace Period Yes, Last Day of Grace Period: 09/26/2022

I am not sure but think because he needs $$ to pay bills he is going to sell shares, not sure if orlando is selling his or thru the REG A filing he had on 1/18/22 which offered to sell 500,000,000 shares (9 times outstanding)
The Piggyback by definition
https://www.investopedia.com/terms/p/piggybackregistration.asp
Looks like this says an insider wants to sell shares however I dont see another insider so not sure what this could me as I will not speculation here.

One problem I see is there is NOT a big float so the stock price moves quickly. I do not think the marketmakers have much inventory of this as they know this is a dog of a company.
Also know there are alot of bagholders at higher prices who were scammed in the merger rumor.
The result is if he wants to sell shares there is nothing to support the price.

I have always predicted, and the reason I watch this one, is he will do the fake merger rumor again to run the stock price up. I do not have a position however I am ready to jump in when I see beginnings of fake info to move the stock up so he can sell shares at a higher price as he did last time.

Wait and see