Replies to post #3839 on EQ Labs Inc (EQLB)

[skyblue1]

Yes I saw that 3mil sell . That sell destroyed the momentum. But still there was good accumulation to close up at 0.0176. Solid base for tomorrow.

[Blackcat7717]

Work-n You are one of the brightest shareholders on this board.
The company has been selling from 0.01. The difference this time
is they contracted some group to retail the stock. This is the only way they can fund the growth of the company. A friend of mine
has an account at T.D. Ameritrade. They show him 65 million outstanding. However I googled shares outstanding in eq labs and I got 142 million. It is unfortunate that this has to be done.
If they funded the company by selling restricted stock at a set price,(.02 eg) the stock would be trading at 20 cents. We will never know the amount of shares outstanding. If the company becomes a reporting company that will further add a large expense.
I have been a buyer for a long time. I started around .25 cents.
I am still a buyer, however with so many shares diluting the company at these prices revenues are our only silver lining. It will take major buying to move the price per share. If you were
lucky to buy at 0.01 you have a 60% profit. If not the time line will be longer. Stock will slowly move higher. I am a buyer at 0.015 cents with strick limits on or near the Bid. Watch the big blocks on the Asked and how they are filled by the company.
Blackcat7717

[RYJO]

That is weak. Just because it sold for .016 doesn't mean it was a sell.