Monday, March 04, 2024 5:17:52 AM
RSHN never raised capital in 2021. Which in the end was a very big blunder. The environment today is very similar in the trading markets. I suspect OTCs will be the ones "bringing up the rear" in this latest cycle and this ticker, as well as many others, could benefit.
The tail end of the last cycle didn't last very long...and probably won't again this time....if it even occurs. But there may be a window opening for some OTC liquidity as traders and funds circulate into different areas. Gains made in over extended runs in evaluations may be cashed and reallocated.
RSHN will need a big kick in the rear end to get it going into the right direction. It's apparent traders are seeking opportunities. Available liquidity is running rampant through markets currently.
With a 7B+ float and a 19B share structure for only 1.5M to change hands before the weekend implies this is still a dead trade with no optimism from the street its going anywhere anytime soon.
But conditions are ripe for raising capital through an elevated evaluation. OTC CEOs should be realizing this and preparing for a push of their own.
Still horrible.
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