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Monday, February 06, 2023 11:30:06 PM
I'll give an example of a stock I was in before. Ticker is TWOH. I bought the stock around .0015, and sold at 100%. Got a profit and exited. New investors bought at top and got caught. A few months later, RS was announced and people believed it to be a good thing. Fast forward; the stock kept dropping, dilution continued, and for a while investors were buying the 'dip'. Now, at pre r/s price, is when they realized it was a mistake. New investors are still buying for a quick buck, but more are getting stuck in it.
The 'shortsellers' is on the management. If you remember from their shareholder letter, they blamed 'shorts' for causing the sp to crash. The management refuses to take responsibility for their laziness, and disappointments. This is why I believe BOMO will go down the way TWOH did.
The catalyst, Reg A, Products, etc. don't matter if management can't get their act together. They have done nothing but dilute this stock into a joke, and blamed it on 'shorts'. They have their fans, but fans can be lost.
Most of the bagholders stuck will get out as soon as they see profit. I don't think anyone will be hanging out with their long term plans. Everyone is in it for money for 'themselves' and not for the management to give themselves 100k salaries.
Recent BOMO News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 05/08/2024 12:50:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:11 PM
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