OCM - If this hits 0.01 today or next week - I loose on our bet
I will accept my defeat in that case
There is definite momo here
It does not feel like real investors, more like just flippers playing it for day to day bread and butter, hence the moves down are fast, lot of ASK stalkers here, flashing 8-9 million on ASK with bid below..NOT GOOD..that is what flipper stocks do. I also don't like the fact this has too many shares. If this was thin floater would be much higher and I would be here just for thin float. This stock has too much churn and too many shares. The chart is helping rally and possible breakout to 0.01 is on card as chart punters join the rally seeing high volume breakout yesterday above 0.0063 previous resistance, if I am correct this will hit 0.0083-0.004 today based on chart pattern just purely on charts. I can't deny chart here. It's good. I expect pullback to 0.006 to retest the breakout point and if there is enough momo could hit 0.0084-0.0085 target and Monday hits 0.011-0.01 as weekend buzz push this higher..I know charts pretty well..
However I am still not convinced about the assets and why would company wit big assets merge with a shady shell using RM. I also think this stock has lot of flippers, don't like that. I am still convinced this is not investment grade play until I see full filing with their revenues, debt and real assets, something is not real here, excessive flipping with people/flipper sitting on the fence ready to dump on any sign of downtrend is not very good..
I am still not sold onto this one until I see filings and current revenues. The outlandish prediction here of 500 million based on land seize is joke and extreme PUMPING..that is huge red flag..That's all BS !!. I know it. If this was real, someone would have acquired it by now..
Don't invest until you see filing and revenue
Later people will find everything is zilch and nothing..
This will go in free fall if people find out revenue is nothing
Assets is one thing, show Hemp revenues and CBD revenue, then there is some credibility
Until then flippers will rule the game here because many are flipping sitting on the fence..all day..
Real investment grade stock move slow and steady and don't have that many 1-2 tick flippers playing all day
Anyway good luck
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