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Friday, April 05, 2024 9:36:08 PM
The only thing that has changed since January is the SS and the SP.
The SS is better but SP has fallen. It’s the OTC, wouldn’t expect different.
That being said, CEO did what he intended and that was buyback and cancel shares. In fact, one of the Form 4s shows him purchasing shares at .002
Financials will show the progress the company has made and I am looking forward to seeing them (even though we already have a good idea).
My hope is that the CEO continues the buyback, not only with his own money, but with company profits. Yes, building the business and reinvesting in the business is also important but using roughly $1 million to buyback shares could probably buyback around 500m+ shares (taking into account the rise in SP during these buybacks).
Obviously, OTC investors want quick results and most of the time, I trade that same way, but this one is different to me. I like the direction, profitability, and the fact the CEO is doing what he says.
Long term goal here would ride the buybacks and building revenues to a SP of .10 before a RS to jump to the NYSE.
I would love to say this is possible this year but a more appropriate timeframe would be by 2026. That being said, even $1000 right now could be over $100,000 in 2 years imo.
End of rant. Good luck and LFG $ABQQ
![Bullish](/static/images/ih2-bull.png)
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