Yea, I think that most of the mid range sub penny
Post# of 11899
Yea, I think that most of the mid range sub penny levels are rather thin, so if any real volume comes into the stock, I think it flys up past .0093 very quickly. Depending on how good the fundamental positive news is when it comes, each cent higher though will require at least 20% of the float to change hands IMO, otherwise we leave gaps which would probably cause the 'ol pump and dump, sky rocket and fall back down. Then again, it really depends on the actual nature of the development(s). If it say is all of the sudden trading on the OTCBB, forget it, it will open in pennies and move up from there probably. With the 10K filed, I think it really gives the stock a general lift, but I just do not know how much because if volume remains light simply because not many people in the market know yet about the company, I am not too sure the PPS will rise substantially and then keep rising. Ultimately, for the PPS to make gigantic moves like we all hope it will, the float needs to be owned, it needs to be owned by many long term investors sufficient in size and number to fill up the 1B float and remain strong amid gigantic PPS increases, and that, in the end, requires some pretty strong fundamental positives to be in place, namely strong earnings and revenues. Transparency means a lot for investors but also do earnings and revenues so I think with a decent mix of those factors, the stock can rise significantly in the future. Hopefully we get the Q3 report along with the 10K, soon. I am not too surprised to see the stock trading with slightly lower intraday volumes and a re-test of the 200 DMA support levels after this delay by management concerning the 10K filing. Hopefully it becomes a reality for shareholders "soon"; hopefully by the end of this month. Talk about waiting to exhale! Heh
Do or do not, there is no try.
$RFMK!