With all the shares everyone here on ihub hold as well as the company buyback, I think we could easily make it to the sky once they release some numbers, and start showing revenue, might be a few months though.
They estimated the float at about 2B and everyone here has at least 1B.
I think im wrong somewhere or not taking something into account.
My thoughts on EFGO : Yes..The ever increasing supply of shares is the problem here imo..That is what is stopping this stock from going up even after we innocent investors pour our hard earned dollars into this day after day..Even I had close to 70 million shares at one point and that was before all this new supply coming in..It is well documented here that I didn't like the a/s increase and got out..I bought back a few millon shares before the cusip change for the short squeeze bounce..A decent bounce came but I didn't sell coz I wanted to keep some money in this stock..I violated one of my guarding trading rules by doing that. We could have got a much bigger bounce if they were not selling into that run..If any one is thinking that they are not diluting into all these PR-a-Day campaign should get their head examined..final world of wisdom..all this doesn't mean that it won't run from 0.0006 to 0.0012 or 0.0005 to 0.001..it might very well do that..market dynamics decides all that..we shall see when..let us hope next week brings the best..God bless.
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