Because 99% of the otc is garbage. It's rare to find a penny stock that turns into a viable company trading on the big boards. Most traders don't wait for that process to unfold as it could take years. Once a personal price target has been hit most people exit. Also, holding OTC stocks for a long time usually turns out very bad. Since otc is usually comprised of companies with negative acid tests, they're hard to get a lot of inversotes involved on nothing but pure speculation.Going from subs to .10+ is extremely impressive in and of itself. All generally speaking.
A healthy stock does not go to the moon over night. this stock has been following an amazing path and will continue to do so for years to come. charts are a part of the way market makers keep the stock trading in a healthy manner. believe me there are people (myself included) who are watching the current pullback and are trying to time our purchases at just the right time to catch the next run however the chart needs to reset before the market will take us for another ride. Relative Strength Index is still a little high i would personally love to see it in the 60 range but i dont know if it will go that low before the next run. It is very obvious that people are holding their shares tight to their chest (myself included) but the market trading slightly downward or sideways is blessing because all of those shares are going into stronger hands now! Also we are going to have to start generating some significant revenues before the market will take us to 100 plus mil market cap. We have so many things coming together at the perfect time. This year will be an exciting year for the company but no year will be more exciting than next when the building is fully built out weed tv starts generating revs and marijuana accelerator is finding us some golden opportunities within our space. Mark and company have done a great job imo of limiting the amount of toxic financing they used to get this train back on the tracks and i look forward to the future with this company not needing a reason to dilute the shares going forward
Keep in mind, if a stock doesn't pay dividends the only way you can make money is by selling at a higher price from where you bought-in. Our stock got noticed for highest daily trading volume and 52-wk highs. Then FUD was introduced with Liquor Lobby motion for TRO on July 1 opening day. We have been getting pounded like a baby seal ever since.
Long time since we talked last. But yes patience has been paying off here! With it being the otc, like most I'm leaning back ready to pull my profits. It will explode as we get closer to the business actually kicking off and we move to a bigger board. Too much smoke and mirrors on the otc. I think we started talking about two years ago, and after quite a few "six months till we're in business" claims. It's seems that we are finally here!!
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