NUMEROUS COMPANIES TRADE ON THE PINKS.
YOU HAVE MANY COMPANIES THAT TRADE FROM $.0001 ALL THE WAY UP TO OVER $100/SHARE. THIS IS ANOTHER MISCONCEPTION AND TO THINK UPGRADE IS NECESSARY THAT IS WRONG.
THE FACT IS ECNC DID IN FACT JUMP FROM .03 TO $18/SHARE. THAT DID IN FACT HAPPEN. SO TO SAY THAT THE O/S OR MARKET CAP OR WHAT-EVER IS COMPLETELY WRONG; IT'S NOT ONLY WRONG IN RESPECT THAT IT'S WRONG AT FACE VALUE, BUT HERE'S A STOCK THAT DID IT AND THAT SPEAKS MORE THAN SOMEONE TRYING TO TELL US WHAT CAN AND CAN'T HAPPEN.
PLUS ALL THE NUMEROUS OTHER COMPANIES THAT DID THROUGHOUT THE 1990'S.
Posted by: dkgross
In reply to: ralph3 who wrote msg# 6113 Date:4/24/2004 8:09:52 PM
Post #of 6126
just remember, Ralph...ECNC went from .03 to $18 on emotions and BS press releases in two weeks (of course, it was a complete scam and the CEO is now in jail...)
strange things DO happen. QBID could run to the $2 range on emotion and momentum alone IF they actually get a signal up and Direct TV/Dish or someone starts offering.
but..I agree with you.... .40-.50 cents is a much more viable and realistic price point once a lot of shares are retired, and until some revenue, profits, and LEGIT SEC FILINGS start to happen. Damn..I just can't pound that point into the ground enough. As a pinkie, the Big Boy investors are NOT going to play this. OTC BB is a minimum, and at least two quarters of SEC filings MUST HAPPEN.
AI
