The only part, in that, that doesn't make sense is the almost consistent northward run from .0020 to above .04. If the stock danced around subpenny, then I'd agree with you. We do know that there were many independents that jumped on the band wagon to ride it briefly & exit. However, the end result pps does not fit your flip theory, at all! Way too much price appreciation here happened.
A missed opportunity? I don't agree. The fact that the pps rose so steadily, long-term, shows us an obvious dismissal of the p&d theory. What's left? A viable business plan? If you hold on to the logic (not dream, hope or ill-will/bash), it will answer many questions & lift many suspicions & reservations.
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