You're right MasterBlastr. Some here, with very large positions, have already announced that when the price hits 0.016 they will be "dumping stock on the market."
Between middle of July and end of September, I picked up millions and millions of millions of shares, at some point I recall a trade where I was on the bid, 530,000 shares I bought for $.0083. As this moves up, I'm going to be dumping stock on the market for often times double my investment up to $.016, effectively doubling my money. Thank you for the info, appreciate your consideration.
Presumably, when the price crashes, they will buy back in. Rinse and repeat. With respect, I appreciate the transparency.
This flipping activity makes it very difficult for smaller investors that bought into the September 2022 - February 2023 stock run up, followed by the massive sell off, to recover their cost basis, even less, turn a profit.
But this is the nature of the OTC.
If the investment thesis holds, I believe long-term investors will be rewarded. But, honestly, what choice do they have?
Disclaimer: These are just my opinions not advice. Do your own due diligence.