The problem is no one will know what the outstanding structure increased to until the next quarterly end of December or January from the FAQ.
That's a lot of time from now to then with no revenues reported for this to bleed past 2's imo and into 1's.
Andiamo and APHD were both in the 2 to 3 cent range not too long ago from hype and are now both in the trips. Without significant news of a merger or revenues, these pennystocks usually bleed down little by little until there back to the trips.
Revenue reporting for Q1 is over 5 months away yet. That is too much time in the pinks for people to keep holding onto.
They usually have 1 or 2 days of an uptick, followed by 4 or 5 days of downticks, eventually setting new lows each week. 5 months from now just seems like too much time to risk buying this high when u could but in the low 1's or trips in a few more months.
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