No! We will not see .001.
Yesterday morning at the open we got hit for 12m right out of the gate. At the close we got hit with a 15m trade and now at 8:58 we got a trade of 500k at .0006. These are masking trades and in plain talk dilution.
Between Jan/23 this year to today the company added over 190m. That is a lot of shares with no reason.
There is no doubt we have a very serious dilution, and it appears just from trades so far is it right out in the open and going to .001 requires quite a bit of momentum and that it is not in the cards.
They are trying to push the ask up for no particular reason on nothing.
This is a watch and don't buy over .0004. If one is interested put an order in at .0003 or sit it out and watch it.
The business model is interesting but extremely competitive, but I do see a potential, but with these shares coming in makes .001 a reach. on a MC 500k now. Dilution has to slow down; any gain will result a negative and possible floundering down here.
Have a good day.
varok
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