5 of the stocks I am currently holding, including IFSL, had recent News. All 5 have gone down on the News. One had news of an acquisition that added 1.5M in Revenue and further distribution for their product, one recently launched a product. All of the News has been good yet the PPS of all 5 stocks are down.
It is the MM's needing to cover stock they sold? Is it the old mentality of buy the rumor sell the news? Possibly. Is it Daytraders taking Small profits because they don't care about what potential the companies have? Again Probably. Is it just that PinkSheet stocks run more on emotion and speculation than actual performance? Undoubtably.
I read a lot concerning the A/S and O/S but the fact is that until we see days of 100M shares traded the O/S and A/S don't really factor in. People also need to remember when discussing the A/S that 2B shares of the A/S are for conversion of the 200M preferred shares. There are 1.7B shares available within the current A/S. Also 66% of the shares are held by insiders. It's probably more than that because other insiders with less than 5% don't show up in filings.
It may be weeks or months but this wil run in due time.
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