To all, I would like to clarify something that I wrote in the previous post. Imagine that there are 5,000 investors who plan to buy KGKG at $0.01 and all expect a $1 million return on that investment. You are one of those investors and you decide to invest $100 to buy 10,000 shares of KGKG at 0.01. This means that your plan is to hold until it gets to $100 per share. Do you really think that there is any chance for the price to get anywhere close to $100 per share?
The problem you will have is that there will be many investors who will invest a lot more than $100. And as I stated in the last post those investors who purchase 2 million shares will sell at $0.50. Those who purchase 1 million shares will sell at $1.00. Those who purchase 5 million shares will sell at $0.20, and so on. All the huge sells will work to keep the price down below $1.00.
This is what happens when you buy shares in a company that is so cheap, even if there is strong buying. I have seen many criticisms here about the CEO, and again, I do not know him and have never talked to him. But if you want to see huge returns on your investment, you should be very thankful that he holds a majority share of the stock; and you should hope that he does not sell and that he buys more. Every shareholder who decides to sell at any point will impact your target price to sell. What can you do maximize your return? Is it not obvious from my example above that you should buy more if current investments are less than a couple thousand dollars?
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