Engines ... the price was stuck in the 15 cent range for a few months and than after the 15 cents was finally broken and with a 17 million float the price went into the 20 cent range quickly. Rory than called in the brokers and this with a symbol change FUSZ literally was averaging 750,000 volume a day vs the 90,000 a day it had been. The price literally rocketed and for about a ten Minute period the price actually was at a .80x.87 and than quickly dropped where 4,000 in volume was bought at .51.
It wasn't so much the why it dropped as it was why did it go up so fast!
From there the price slowly dropped and I have no reason why but it was more because
There was also some dilution in there. On a side note why talk to an advisor about it?? They typically don't support individual stocks, much less penny stocks. Partly because of risk profile, partly because they don't get paid to put you into them.
1. The stock had gone up dramatically but the financials didn't support it. SO that made the price dependent on other things such as:
2. The expectation of continued high volume due to increased Broker-Dealer involvement was sorely dashed when Rory revealed in a SHAC call that the BD usage would not be continuous but would be on an as-needed basis. This greatly dashed hopes of 'bigger players' continuously bouying up the stock.
3. There were hopes for various things to happen with clients and technology both that were raised in SHAC calls and as time went on they didn't happen when investors thought they would.
4. No revenue reported with any of the deals that were PRd.
5. One or more large sellers.
This combination crushed the price.
IMO this is the past and we are about to repeat the fireworks we saw before as expectations have been and remain much lower than they were, yet it sounds like very big things are coming - much more than before, and soon. With the seller gone now it won't take much to get us moving again.
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