It's not as if flipper's don't believe in charts too. Look at the tape for today as an example. To me it looks like some flipper(s) saw that the closing price was going to be $.0034 as of 3:58 today, and then sold a few shares at 3:59.01 pm to close paint the share price down as low as they could, because they didn't want their full day of stock manipulation to cause the pos to fall only one tic. So I wouldn't see a last minute paint job by some random retail flipper(s) as validation of negative forecasts for this company.
The bigger story is the absolute lack of dilution which we can see by comparing todays share structure updated to one from earlier this month:
Most OTC flipper price manipulation strategies rely on dilution or at least the plausible speculation of dilution to work at theses price levels. This is because without dilution artificially lowering the value of the shares each trader owns, it is very hard to keep active companies with operations and revenue below 1 cent. The only way to do that short term are for flippers to resort to games such as spoofing the ask with large share blocks, selling shares from one account to another to lower the price, and end of the day last minute paint jobs like we all saw today. I predict that such games will have diminishing returns going forward, because the longer we stay here in the .003s the less flippers we will have with who are still profitable selling at the current price range. So even w/o news the price should naturally rise, and I wouldn't bet on the lack of good news going into the summer.
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