Posted On: 07/24/2015 10:12:08 AM
Post# of 11107
In my opinion, all that is happening at present is that a few people who only have residual reverse split shares are selling - of course at a significant loss in real terms because the pps is less than .0001 in old PVEC money - but they just see a significant current market value because the cost basis on their trading platform is 0. Daily you can see just one or two people attempting to sell on the ask and if that doesn't work they bid whack.
At the same time, those wanting to average down their previous PVEC cost basis, and any new interested investors, are hesitant to hit the ask whilst they feel they still have an opportunity of buying on the bid. You continually see a few people outbidding each other working up from the opening low (already .0138>.0143 this morning).
Once this process is over, I think the pps will rise on relatively low volume (particularly bearing in mind the recent share reduction) and once a larger spread develops people will be less inclined to bid whack when they want to sell - and this includes those who have bought "new" shares if they want to take a profit on a portion of their holdings once they get past their overall average.
We just need to be patient as DSUS continues to grow and eventually publishes financials showing revenue.
At the same time, those wanting to average down their previous PVEC cost basis, and any new interested investors, are hesitant to hit the ask whilst they feel they still have an opportunity of buying on the bid. You continually see a few people outbidding each other working up from the opening low (already .0138>.0143 this morning).
Once this process is over, I think the pps will rise on relatively low volume (particularly bearing in mind the recent share reduction) and once a larger spread develops people will be less inclined to bid whack when they want to sell - and this includes those who have bought "new" shares if they want to take a profit on a portion of their holdings once they get past their overall average.
We just need to be patient as DSUS continues to grow and eventually publishes financials showing revenue.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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