Anyone Whose Invested in Any Number of OTCs
Should see this as business as usual. Stocks move up and down. OTCs tend to move higher up and further down, and at a more volatile rate. Marani is just getting started. They moved up higher on a sustained run, when people got excited about their product finally getting out and released after a long wait. Now that the excitement has "died down" some, it's an excuse for manipulators to do their thing, especially as interest and volume temporarily subsides.
I remember this same thing happening to various marijuana stocks late last year (among many dozens of others), as news got boring, and manipulators wanted cheaper shares they could unload once the legalization went through in a few states in early January. I rode that wave in buying cheap shares, and used the profits I made in January to buy the new car I was in need of. Thanks to the false panic I took advantage of in November, I was able to purchase a new BMW 5 series (with plenty of funds left over to keep investing in my personal account) instead of the Impala I had originally planned to buy.
It's not a coincidence most people hire others to invest their money for them, hence how I make a living. As I said before, there are never guarantees, but in this case, there also isn't anything to justify panic related to Marani's actual product and business, unless you consider people intentionally manipulating something for profit to be "justified" as something to worry about. The only difference between this scenario and the marijuana stocks, is I'm on the other side of the fence as a long time MRIB shareholder who's going long. I imagine the shareholders from the stocks that were going from 4 to 2 cents then are glad they held on, given they're now worth around 50 and 70 cents respectively.
Certainly all companies and situations are different, but I've seen this happen from both sides of the fence at least 20 times. There's no point in someone holding onto a stock for the long haul, if they're going to engage themselves in unjustified pessimism on a day-to-day basis. I don't blame them, and I empathize and understand the worries, but perspective and logic are always important whether news seems good, bad, amazing, or downright frightening.
