In my opinion, you have to look at big picture. Most penny stocks will have spikes but then they will walk it back down. In is done intentionally in my opinion and has nothing to do with the company. It is a game being played and the small time investor is being taken advantage of. Your paper gains were erased the next day. If you know how to play the game, then you can make small profits but some corrupt individuals make tons of money off of gains and more when it goes back down. Just my opinion. I wish you the best.
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