The problem, MallenNV, is GNGR isn't exciting and it has no multibagger potential. What GNGR does have are many losers.
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"Tom, It's the horse race mentality. Bet on the long shot and once you do and lose you figure you have to bet again to win back the losses. A few losses turns into a decade of disapointment.
If you don't bet you definitely will not win so you figure keep betting till you win and keep betting more so that eventually when you win big you will make up all the losses.
Pumped OTC stocks know this and that is why they all start higher priced, add more to the authorized, create massive debt, sell the debt, add billions to the float that always makes people cost average.
Then of course the pumpers say to check out a new ticker and make back all your losses.
This is done so that no one makes money on the stock other than the company. They have to keep the stock on the downward spiral or they would have competition selling the shares with investors. This takes away form the company dumping billions who want to keep all the money.
Remember, the company always makes money-selling shares even when the price drops from $.10 to $.0001; they always make money while investors always lose money.
While only a few at the company make millions, they do so when 1000's of small investors buy $500 $1000 more or less. A few win and many lose, just like the horse races only the OTC Company are the ones who collect the bets and pay out very little.
This is the OTC syndrome. Plus it’s the race and excitement and not the end product, which should be a well-run company with a higher share price, that is not really that common on the OTC.
Let's face it. If you told all the horse race betters that there is a baby race down the block at the park with BETTER odds then the horses, no one would show up. It's just not as exciting.
That is why all pumped OTC's are exciting! Marijuana, bitcoin, hemp, CBD, covid cures or covid PPEs.
Tell an OTC investor a shoe store did $10,000,000 in sales and netted $7,000,000 that has no debt, they won't touch the stock. It’s just to boring.
They want to buy high, cost average, convince themselves they are only into a $.0001 stock at $.00015 per share so its not that bad. But they spent $1000s to cost average but $1000 loss is $1000 loss.
The goal is to eventually find the ONE winner that turns 5,000,000 shares that they paid $.0001 for ($500) and if that one OTC does hit it to $1 they make $5,000,000 and cover the decades of losses totaling much less.
The risk is, if they don't buy the shares and it hits they will miss that huge pay day so they never stop buying pumped OTC stocks for fear it may be the one that got away.
They play the odds that one will hit. So far in decades I have never seen anyone do that with a pumped OTC Hot topic syndrome stock.
Then the defense mechanism kicks in. The happy investors eventually start calling the CEO a crook or names then start posting what the CEO needs to do and how to do it. They even tell the CEO to pay everyone back or they will be arrested. YEAH SURE.
I think that pumped OTC investors just like to be punished and beat down and they enjoy it for some reason because they do it over and over on more and more pumped stocks.
The CEO is not at fault. What people are bitching about was the plan all along and part of the plan is to eventually see investors post that they will file with the SEC or congress and have them arrested.
Like that's going to make the CEO change the plans. The plan is to take investors money, dilute, go dark, close up and go silent and eventually reverse merge and the same investors will follow them to the next big pump.
When one pump is over?
They all say the same thing.
Well [sic] make it all back on the next BIG THING!"
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