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Re: Hoghead7 post# 59615

Friday, 05/10/2024 11:17:37 AM

Friday, May 10, 2024 11:17:37 AM

Post# of 60000
“ They've got to run out of ammo at some point.”

Institutions have a whole lot of shares they can sell…and the company has a ton of shares they can dilute….trying to pretend it’s all manipulation and shorting isn’t helping anything…there is definitely shorting, but that’s a result of poor performance by the company as is all the selling and diluting…

The company is doing poorly and the drop in share price is a result of that poor performance…it’s that simple…

“ No way anyone can justify under $1 a share.”

You keep repeating this mantra as if it has some significance…first it was that no one could justify a pps of under $15…then $10…then $5…and now under $1….

It IS under a buck…the market doesn’t really care if you find that justifiable or not…it IS where the pps is at…

“ And if they are selling a large amount of shares at this price I'm confident there's a darn good reason.”

Yes there is…they got to keep the company afloat…I remember when you used to brag about the company having $450 mil in the bank…now they are trying to keep a balance of $300 mil in the bank for you to brag about…

But in order to do that, they need to sell a lot of shares because the company is losing a lot of money every quarter…

All that money they have in the bank came from dilution…they didn’t earn it…they may beef up that money with all the dilution that has been going on…but it isn’t free…it comes at a cost of lowering shareholder value…

Wonder why the pps is under a buck?…wonder why the pps keeps hitting new multi year lows every single day?…well now you know…
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