Same......While I wasn't in the market during the lead-up to the '08 crash or after (I didn't start until 2019), I have done quite a bit of reading about it. I feel the OTC is seeing some major impact due to the market's overall performance over the last year. Similar to the lead-up to the '08 crash and the bubble from 2020 to late 2021, as the market started to decline late in 2006 from mortgage-backed securities, many of those companies (such as Lehman) held significant exposure to the OTC. It led to major losses in the OTC and a loss of confidence in it.
Now, at the time, the stock market didn't have the same social sentiment as it has in recent years. I feel safe substituting Lehman-type OTC exposure with the more recent large retail OTC exposure in the way of massive boiler rooms and pump groups acting with performance similar to these large companies, considering their movements in and out of securities en masse.
If we consider the market's decline over the last year and a half, coupled with the activity of large investment firms and large retail groups in the lead-up and their decline in the last year and a half, it makes me think that we are looking at very similar OTC performance to the 2008 crash, just clothed differently.
The benefit is that OTC pump stocks will not perform as they did during the growth period, maybe 2012 to 2020, and then the COVID money era, where people were throwing all kinds of money around at stupid tickers that, when looking at the due diligence, didn't make a whole lot of sense why they were moving other than the social sentiment.
In my opinion, this paves the way for companies who have true OTC performance to really build as firms and retail are more selective in their investments. But it will happen quite a bit slower than what we've been used to in the last 8 or so years.
I'm not a pro by any means, at all, so I could be way off in my understanding. But taking a look at everything with a non-objective eye, it's the assumption that comes to my mind on why certain tickers lately aren't moving like I assume they should. Some will argue dilution, yada yada yada, but this dilution/share structure isn't even close to the same outrageous level as a large number of these tickers that have run crazy in the last 5 years. When looking at the recent acquisitions, and coming ones, this kind of light dilution makes perfect sense. Does it not?
Blame can also be laid on the pump group from a few weeks back who drove this up to .013 then bailed out. That movement wasn't based on due diligence, acquisitions, or company strength. It was pure pumping, and it didn't do any good to any of the longs here. The upside is that the longs are going to see way more return than those guys did on that pump. For the longs, those pumpers' returns will look dismal because of the way Xalles is positioning itself for the future.
Im flat out ecstatic for the growth we will see.
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