Monday, April 24, 2023 4:28:15 PM
Scotttrader80, what defies logic is why Steve did the RS in the first place. There were plenty of issuable shares available for him to dilute with for either more equipment or his M&A type ideas. A RS is a kiss of death on the OTC. He should have known this.
Realistically, if Steve really insisted on a RS with a company like INTV, there are only two potential non-fatal times to attempt this.
1) Right after announcing a substantial increase in value of the company (such as with his M&A idea, an actual deal). This provides the justifiable reason for the RS and would lesson the dump effect.
2) During the hyper increase in shareprice of BTC between the next halving (Apr-May 2024) and 6 months after. This will likely create a new ATH for BTC. Again, INTV should be benefiting from a ramp up in BTC price. However, by doing the RS at this time, he has killed his investor base.
Truly defies logic. He is either getting bad advice or he is scamming from investors.
Realistically, if Steve really insisted on a RS with a company like INTV, there are only two potential non-fatal times to attempt this.
1) Right after announcing a substantial increase in value of the company (such as with his M&A idea, an actual deal). This provides the justifiable reason for the RS and would lesson the dump effect.
2) During the hyper increase in shareprice of BTC between the next halving (Apr-May 2024) and 6 months after. This will likely create a new ATH for BTC. Again, INTV should be benefiting from a ramp up in BTC price. However, by doing the RS at this time, he has killed his investor base.
Truly defies logic. He is either getting bad advice or he is scamming from investors.
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