Whoa... Don't get me wrong, I'm not saying this isn't playable. Not sure where you got .10 to .17, but Top Gun didn't get in until today after being alerted by its big drop.
I watched it trade and mistakenly thought .03 was the bottom, which was obviously premature...lol
But see 7.7 Million shares trades hands today tell me that the promotional company rumor may very well be true. But what that tells me is that the Pump will soon be on also and that this board will likely see an influx of new people saying how great the company is and how undervalued it is.
Normally I'd just see it as normal dilution by the company, but either way it really doesn't make a difference. I will agree though, it does move very easily in either direction, which would explain why it dropped over 82% today.
However, there is some history behind this play that is alarming to say the least....lol From what I can tell, performing RS's, Reverse Mergers & Name Changes isn't anything new, so perhaps its time for the next round, not sure.
But several of us decided to hold overnight, because the odds are very much in our favor to see a sizable bounce. We may not see .08, but I think we'll at least get back to .06 - .07 if we have any buying pressure at all and the selling has abated.
That will be the key factor, whether the selling has ended or not. Either way, we'll likely be looking to exit tomorrow at some point. But we'll let the charts and trading activity dictate where that sell point may be.
Good Luck!!!
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