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Re: packerfan9 post# 7850

Wednesday, 07/31/2024 12:59:45 AM

Wednesday, July 31, 2024 12:59:45 AM

Post# of 7887
2 1/2 years of wheel spinning and a "shell risk" label will do that. Until a 15c2-11 is approved at OTCMarkets and EGYF gets the bid/ask quotes fully in the control of broker/dealers the volume flow will be slow with generally wide spreads. Visibility will only come after that approval, audited financials and PR's of substance. Nothing unusual about what is still needed. One either has the fortitude and risk tolerance to move in now or they don't. The volume needed for true price appreciation and stability will come with that visibility. As of right now, no one knows the time frame until more info is divulged. Again, that is what one deals with when trading pink sheet OTC's.

If you think it doesn't add up then probably best to go elsewhere or wait until after it starts running to buy. Pink sheet stocks by nature usually have warts and are high risk by their very nature.

Those who do buy should do enough DD to understand what they have and how they plan to market their product in the energy generation sector. Do they have anything that could set them apart or give them a disruptive advantage etc? Answers to questions like those should help give clarity to one's decision process.