RUMOR FACEBOOK WILL GET INVOLVED IN BITCOIN ,SO YOU ARE ALSO not looking at hype hype HYPE BITCOIN PRICE IS UP TODAY . THE FACEBOOK HAS BEEN A RUMOR FOR A WHILE ,just like paypal is using bitcoin now IMO
That's some good math there and still shows that at this price MELY is still undervalued at this point.
However, I haven't seen much sub penny stocks trade off of their market cap. It's more of a nonsense market stock that has the most buzz typically run wild even if they don't have revenues. I've seen some crap share structures make big runs as well.
These stocks have more to do with buzz then anything. It was being diluted so price came down that's usually the best time to buy these kinds of stocks because they can drop to severely oversold levels. Now as long as dilution doesn't start up again we can have a nice run.
.002 area would make anyone who bought in at these levels happy.
All penny stocks are high risk because they are typically start ups its hard for them to get capital so they have to sell shares can't blame them just got to trade with them.
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