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Sunday, April 02, 2023 4:46:30 PM
The brokers sell on the asked so cheap and make the bid so low no one can ever sell at a profit. Any rise in price and the brokers will get more debt shares from the company not the retail public and just keep the bid at $.000001
At this level they have to move huge volumes of shares to make even a few bucks. This indicates the end is near by way of reverse merger or just close up shop and kill the ticker.
Only brokers, market makers and the issuing ticker on the debt conversion make any money. The few who make millions do so at the 1000’s who buy into these schemes. In order to have the bid rise up so retailers can make a profit, the asked as to also rise and that wont ever happen at this 57 billion float.
Why would a broker buy shares on the bid at even $.0001 if they can get them directly from the debt sellers for $.0000001 and sell them for $.0002 and make more money then buying at the actual bid price? GREED!
And even if the stock went into profitability, the brokers would lower the bid volume after ONE transaction and then kill the price back down below profitability.
Few make millions of dollars from 1000's sucker investors.
That sad part is these retailers know it, they know it will happen, they live for the decline in price to buy more cheap and cost average. It’s a game that they never win but love to play.
OTC stocks are like a casino and retailers are the ones who gamble with no guarantees and the house never lets the players win. A gold mine in Africa? I bets its owned by a Nigerian prince.
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