Hoping to eclipse CSHD which ran to 4.00 b4 settling down to 2.00 b4 it was discovered to be full of "logs".
The difference between real reverse mergers and scams is that real reverse mergers take a real company and make it public. Scams take a shell and make it into something that it is not.
Don't get me wrong. You can make a lot of money on scams. The only concern is that they fall fast. Know when to get in and out.
I expect the chase to push this well over a dollar. If you noticed today, as more people sold they would raise the bid ask. Then lower with another sell, only to repeat the process.
The MMs do want to make money on this stock. They will raise the bid and ask to facilitate a market. If no one is selling and everyone is buying, they have no choice but to raise the bid to entice sellers. I think they know that this stock is not one to short anymore.
If you don't believe me, ask yourself how the heck did we recover so fast from what seemed like a death spiral Monday?
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