(Total Views: 251)
Posted On: 09/22/2019 10:46:31 AM
Post# of 2840
Share Structure - Updated September 20, 2019
[changes from September 13, 2019 + significant points in bold].
Authorized: 400,000,000 [no change]
Outstanding: 119,635,718 [no change]
Restricted: 4,281,482 [no change]
Unrestricted: 115,354,236 [no change]
Held At DTC: 111,957,905
Analysis:
Very thin share structure for an OTC stock in the .0100 > .2500 price range.
It is only the Unrestricted Outstanding Share count that is relevant to trading - which is very low at only 115M shares.
This is why it gets very thin to the upside when significant traders looking for 100% > 500% per leg up take control of a significant portion of the cheapest shares at any given time.
This stock was trading in the .2000 > .2400 range in April 2019.
Currently hugely undervalued at the present market cap of $1.184M based on the closing price of .0099 on September 20,2019.
[changes from September 13, 2019 + significant points in bold].
Authorized: 400,000,000 [no change]
Outstanding: 119,635,718 [no change]
Restricted: 4,281,482 [no change]
Unrestricted: 115,354,236 [no change]
Held At DTC: 111,957,905
Analysis:
Very thin share structure for an OTC stock in the .0100 > .2500 price range.
It is only the Unrestricted Outstanding Share count that is relevant to trading - which is very low at only 115M shares.
This is why it gets very thin to the upside when significant traders looking for 100% > 500% per leg up take control of a significant portion of the cheapest shares at any given time.
This stock was trading in the .2000 > .2400 range in April 2019.
Currently hugely undervalued at the present market cap of $1.184M based on the closing price of .0099 on September 20,2019.
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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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