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Wednesday, June 28, 2023 11:23:16 AM
Yesterday at the open (9:30) a slew of trades, all buys at .0007 and .0008 totaling 25,101,000 million shares is a very huge buy and is significant and worth mentioning.
These buys went to one person or entity in the amount of $18k. This is a very large purchase and if it indicates anything, it means something is in the works.
Now go back to February when the company announced that they are in talks with the hospitality sector.
Last quarter the company had rev in the amount of 350K. Our MC is 101k and I believe the undervalued position where we are now is due primarily to the dissatisfaction of the history on the splits, but we never had this strong rev. as mentioned from 1st quarter.
The second quarter results will be out in the coming month officially, but we may get an announcement if this will be a very positive figure and should inch us forward in the MC.
I believe regardless of the dilution, and it really isn't much of concern YET! We may get an update on the MC going higher and I feel we are undervalued and if the 2nd quarter REV. growth is near or above the 1st quarter, we should get a bounce to .004 giving us a MC of $1m.
If we get announcement on new collaboration/partnership this will solidify our position and MC as fair value around $1m = share price between .002-.004.
Yesterday's 25m buy is extremely positive and may indicate something is brewing.
Enjoy your July 4th.
Have a good day
varok
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