You might be amused what I posted on another board. Of course the comparison ticker is this one and I will redact the other so that this doesn't get deleted. Disclaimer, I do own this stock.
Tale of two OTC tickers.
One, let us call it ????(this one), just for giggles.
The accumulated deficit increased substantially in 9 months from $21,610,915 to $35,865,000. This means that they are a capital burning machine. Who’s capital is that? Shareholders through toxic financing from debt holders converting of course. Would you call selling notes for the .003s a share when the stock is trading over a penny a good deal?
Dilution is now over a billion and we know that Triton alone has a pool of 166+ million sitting on the sidelines just waiting for a crack at this. $???? started 2020 with less than 10 million shares outstanding just for some perspective. They posted a $14 million loss the first 9 months of 2020. Outstanding share count 1,077,232,549, shares Held at DTC 836,000,312 as of 01/28/2021.
Another OTC, ticker that will go unnamed, just posted their annual more than a month early today. Reported net income of $425,756 on $1,330,068 in revenue. That’s what making money looks like.
This tickers accumulated deficit was cut in half. They don’t need to sell stinking shares to pay the bills.
Balance, December 31, 2019 accumulative deficit $(1,141,090)
Balance, December 31, 2020 accumulative deficit $(715,334)
Outstanding Shares 260,197,117, shares held at DTC 50,668,806, 02/01/2021. That is right only 50 million+ available to trade. Most of the shares are owned by company insiders who actually have a stake because they know what the own.
So now you might be saying “who give a rat’s ass about the comparison”. $???? just tagged .03 recently. By comparison the other sold off along with all the other OTC lemmings last week to the low .06s. Yes I did, like a kid in a candy store, I bought what I could. So you all think not only should $???? be trading where it is but can actually trade as high as the comparison company? I don’t think so. Without the weekly PRs and the deployed money managers this would be trading sub half penny like in December in my opinion. Mark this post if you like, because it will trade below half a penny again soon enough.
Because traders here are so enamored with the weekly fluff PR stories that they become entranced bag holders.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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