I wasn't aware they had a movie that was still in post production, As the filming was completed in '11, figured it went straight to DVD. Would like to see how the revenues do on it compared to its costs. Shows it had a budget of 7 million.
One positive out of that 8K it says they are only able to convert 4.99%. What I don't know if that is the initial conversion or every conversion. If every conversion then they will be able to control the amount that hits the market. Which I will agree is the better then just getting the shares doing the promo and then dumping their lot. But the negative is them not having to register those shares so you never know when they are hitting and for how many.
I will agree this doesn't look like your standard OTC due to the fact they are actually doing something, actually generating revenue, and an actual company. This one may be a slow roll which is not the best for OTC securities, but it may have something. My basic watching is currently a .40 support mark as well as the .25, that if it breaks it could drop on off. Minor resistance @ .60. Spread has been wide so that has made the chart rather choppy, so all support and resistance are minros at this point.
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