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Re: hoghead 1 post# 285

Saturday, 03/04/2023 9:20:43 PM

Saturday, March 04, 2023 9:20:43 PM

Post# of 374
Hoghead1, I really can't speak on how the system works in the OTC and market makers. The markets I used to have clients trade in were the high end markets such as NYSE and Nasdaq. These markets work more on a automatic system with computers handling trades. From what I have seen over the years with Xall, though it seems like there is some amount of manipulation. I see right at the end of a day a very tiny trade usually in the dollars getting executed right at the end that inevitability brings the SP down. I think what can eventually fix this is having this stock in the hands of many more holders, and eventually being in a higher level marketplace, though I think the OTC as a whole is always going to be more speculative then the major markets.

I do know Tom Nash eventually wants to get this to Nasdaq, but there are many requirements prior to that occurring.

As far as the flippers go, I do think that is always going to be a problem with stocks in this price range. Any Tom, Dick or Harry can put together a thousand dollars to buy a bunch of low priced OTC stock. If they can see a $200 profit, a lot of these people will take it and go to the next one. The only way to solve this is for the stock to be at a price that becomes too expensive for a day flipper to get involved with. I agree that companies such as Xalles do get hurt by these day traders. These type of traders don't have the patience to hold something longer then at most a few months. Again...the way to fix this is for the Xalles to be in a lot more hands, plus having larger investment groups holding the stock. I do think that is beginning to happen. Larger investment groups usually don't day trade and will hold equities for an extended timeframe.

Anyway....just my two cents. As I mentioned a while back on the other Xalles board, I do not invest at all in any other OTC stocks. Only one I own or have ever owned is XALL and I am only involved because of my trust in Tom Nash and his vision for his company. Hope this helps.

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