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Bit Brother Limited BETS
(Total Views: 3034)
Posted On: 01/27/2017 11:00:25 AM
Post# of 1001
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Posted By: AJH92
Re: youarewhatyouthink #883
BETS is a real company that will continue to have increasing revenue and profits and eventually pay down it's debt. Stocks still trade regardless of nonsense posted on message boards - iHub is not the center of the trading universe. It is clear from the last PR that the company will have a continuing PR campaign with updates on agreements with debt holders, draws on the line of credit as revenues increase etc

The continuing volume is for 2 reasons.

First, some people panicking and deciding to sell at .0001 either by whacking the bid or undercutting the ask.

Second, other people buying lots to have a high share count after the R/S which might in any case not take place - it was being considered and I haven't had time to check if they have actually filed for one.

In my case, I already had a very large number of .0002s and it made no sense for me to take a 50% loss on them now. However, that's because I'm one of the biggest whales in the OTC market. I estimate that I will do better holding for after the R/S - if there is one - and if it doesn't work out I already have huge gains in January on other trades that I can offset by selling some BETS at year end. Everybody's case will be different.













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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.



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