I know that a lot of people here have said that .005 was a "definate" bottom, then it was .0045, .004, .0035 etc. When the PPS keeps dropping at the rate this has, gamblers like me will continue to sell and take the loss. This will drop the price even futher. I did a lot of late DD on these acquistion deals, and I was not impressed with the companies in question. I consider those events "name dropping" and are used as carrots to attract and retrain investors. There is no substance to them, IMO, and even if they were to occur, I don't see a revenue stream. They are small potatoe firms, with limited resources. Also, the CEO, IMO, has little credibility. Remember that this stock was trading at .21 ! !
I could be wrong, of course, but this stock could just end up going into oblivion and beyond. If it does manage to tick back up, I expect it will be a MM trick, a dead cat bounce, and then retrace again. Half of what I sold I bought earler at .38 and then he pulled the rug out again. I'm sorry I chased the stock down and averaged down. It didn't work this time, maybe all of you will have a better go at it.
GL, as always.
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