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Tuesday, August 27, 2024 12:03:28 PM
Thought I might chime in on this issue. I have long owned this for quite some time, but now I feel something is in the works and it appears this may after a long period like a couple of years things are about to turn for the better. Certainly .0001 is thinning out, however, once we get the .0002 on the bid there is going to be one major churning on this issue. Too many folks have held this at .0001 and will be glad to see .0002 on the bid and will no doubt exit and be pleased with a double. One main reason for this is that many hold 100s of million shares and exiting for a double is major profit and that is especially with this issue.
The churning at .0002 will be in the billions and will last at least for a week or so and that is without a catalyst and a double in profit is something most folks will take and not hold. The company just has way too many shares in the market and selling at .0002 has to be bought at .0003 from new buyers and that is something of a major hurdle since most folks are already holding and understand the makeup of this company and its business model. In other words, the skepticism about the company can't be overlook and is very much becoming a factor within the churning at .0002. Thus, the sells. New buyers will have to pick up all these .0002s and buy at .0003 and this will be a major task, and it will take a rocket catalyst to move it higher.
For now, enjoy the .0001s I certainly am and have added a few more. Now, I not going into target price since this issue is so unpredictable, but I'm sure most folks will be glad for .0002 and take the double without reservation. That I'm sure of. How high will this go? Not sure but .01 really isn't a rational target not under this share structure, but playing this with .0001 is a buy and .0002 is a very high probability for sure, beyond that is anybody's guess.
Have a good day
varok
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