That's what is funny about this. What do old investors say when u ask them about a penny stock? Why don't they buy them and the newbies do? The difference between them is... experience. They know the companies are no good and that's why they're (the old guys) still in the game and not bankrupt like the guys here could likely be, as many state they are all in to the point of selling furniture! People say the flippers are dumb but they are consistently making profit and once profit is taken it is real money now and the longs, who may win big are not guaranteed anything. There are no earnings reports to study there is nothing except for one thing and it's another word for gamble. "Speculation" The flippers are guaranteeing themselves a little profit, large if u consider it from a percentage standpoint, while trading around a maintained small enough core that will provide the substantial profit if the company does commercialize globally. However, when doing so, generating free shares for the event that if that happens the shares were free at that point. Therfore, in the likely event of a company failure, due to otc investment, the losses will not be extreme because the bet wasn't so big the kitchen sink was being sold to take the "all in", "all the way!"
In reference to the "very fuzzy math!" comment, the 1 tick move is irrelevant to the equation, I was just using an example, it doesn't matter.
We will round the numbers.
Today's total traded share volume- 15 million shares
Average traded SP- $.003
Total dollar volume- $45k (Total traded share volume x average daily trade price)
So if I buy $3k worth then sell three thousand dollars worth that day that is $6000 out of the dollar volume total of $45k dollars.
This has nothing to due with profits taken in this math. It's just showing how small the volume is and why this move means nothing.
The point was that if My little 3k each way day trade (Didn't make one, just an example) is that large of a percentage of the total daily dollar volume, then it is very likely that the recent price action was largely influence by someone off this board's pump. Nothing has happened. No reason for the increase in SP. That is the action of a pump. If the company doesn't increase AS within 6 months, I will be surprised and that will be a VERY good sign. That will mean they can reduce their going concern, necessity to dilute and shareholder/possible future investors worries by paying for operations with actual revenues. If that happens, some people here will make a lot of money. That is why I have maintained a small core. The first half is why I de-risked this investment. Not trying to be Mr old investor and tell everyone all pinks stink just kinda fun to talk about it all realistically. I mean u know the old saying "two in the pink, and 1 in the stink!!!"
PS I hope my small stash makes a little and I'd rather see this group get rich than loose everything including the bean bag chair!!
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