Ive done a lot of research on this one….and well…. I'm in and holding and learning a lot and still very foolish haha.
if you ask me:
crazy Volume was 60mil in conversions, about 30mil in a wash dump @ 0005 to try and push this lower….
Yet it held @ 0007. This one has my interest.
The conversions pushed the O/S up a bunch
and O/S is about to BUST the top of the A/S. Im thinking increase on the way.
, which can actually IMO, create a lot of potential for the company and help them finish off toxic conversions so that they can get to a "clean slate"
But will also create confusion and fear, and perhaps rightly so. I do see a functional company. But I also see a company in conversion turmoil. The amounts are not huge however , but the murderous dumps have investors bewildered and others excited as it can set the stage for wild gains.
The stocks surface is hectic, in the core there is a functioning, growing business from what I see.
They are already utilizing non toxic lending for the the fuel they sell, And Sales are WAY up.
It seems to me that it could be any day where the larger line of credit is locked in.
More DD is needed on their contract ties with Global and South Africa, but it looks like they are starting to make their way onward to doing bigger business. 400% increase in Net Sales Q2….
its a tough cookie…. it will be a more surefire bet when conversions subside completely. But the conversions are not new and have been ongoing through the last few POPS at least …. so…. like i say
interesting , for lack of better words.
BigAl, over and out.
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