Red flag for any OTC ticker is a pending regulation "A" offering. Most split the stock then go with the offering. Not Shawn Leon, he files for the offering looooong before he can do anything with it. This has gone on so long that I am beginning to think that he may not be able to get it sold. He will need more than a reverse split, he needs a sellable narrative to move those shares after the split. No, this is much higher than the typical risk profile for an OTC ticker in my opinion. Looks like I'm not alone, what happened to the huge bid at 4? now only 15 million on the bid at 3 before the typical quarterly pump? Companies with a good risk profile aren't trading at $0.0003. Bubae Re: None Friday, March 22, 2024 12:11:33 AM Post# 49782 of 49812 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174089476
It takes FOREVER for Shawn Leon to do anything once he announces it but time must be running out because he has packed the debt right back on after the refinance fiasco. How bad it is should come with the annual which should be release in the next couple of weeks. My scenario for what he is going to eventually do in post# 49524. I believe that this will be trading at $0.0001 when he finally announced the plan and after the reverse split but it won't be the bottom because this will get hammered post split by the regulation "A" offering whos shares will be immediately tradable.
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