Tuesday, May 30, 2023 5:28:19 PM
The bigger story is the absolute lack of dilution which we can see by comparing todays share structure updated to one from earlier this month:
Most OTC flipper price manipulation strategies rely on dilution or at least the plausible speculation of dilution to work at theses price levels. This is because without dilution artificially lowering the value of the shares each trader owns, it is very hard to keep active companies with operations and revenue below 1 cent. The only way to do that short term are for flippers to resort to games such as spoofing the ask with large share blocks, selling shares from one account to another to lower the price, and end of the day last minute paint jobs like we all saw today. I predict that such games will have diminishing returns going forward, because the longer we stay here in the .003s the less flippers we will have with who are still profitable selling at the current price range. So even w/o news the price should naturally rise, and I wouldn't bet on the lack of good news going into the summer.
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