In the penny-arcade, you do not have friends. Especially on a forum.
Folks on these forums have only their own interest and their interests are self-serving.
I have been in the business over 40 years as a trader on Wall Street and as a corporate profiler and a IPO consultant. I know this business and have many contacts.
The penny-arcade is a cut-throat business and your only defense is your own Due Diligence.
I have written many articles on the pitfalls in trading pinkstock issues.
The one aspect you must know, is that the trading aspect of a pinksheet stock is for trading and it really annoys me when folks say that in the next few weeks it will be all right.
In the pinks, there is no future. It's all about trading and making or trading for profit. That's it!!
I knew, just from watching the tape that the announcement today, although was what I knew (PR) was coming, but the content surprised me. I was looking for the LOI, but I understand that the company had to confirm that they were serious in becoming current, and that is we are tonight.
I like the company and it's business model, but it still is a pinky stock and in my long trading experience, this is a very unpredictable venue.
However, it's not a loss at this time and one can still benefit, but the price will trend back to the .0002 range.
The LOI will happen, but don't be fooled by nonsense and wild predictions. For the next couple of weeks this issue is going to churn and your buying opportunity is .0002.
Have a good day
varok
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