Illest, who knows, difficult to see the future is.
Post# of 11899
Posted On: 04/16/2014 12:35:57 AM
Re: The Illest #11834
Illest, who knows, difficult to see the future is. IMO the key for management at this point is to come through on promises made years ago and produce the elusive audited 10K which has now been delayed once more. I think the recent shareholder notice was very upbeat but in the end, shareholders, interested investors and followers need to see real verified actualized progress and so far the only goal we have seen for years is the uplisting to the OTCQB though the holding of the current tier is at risk because of the new bid requirements for the OTCQB.
The stock itself has always been rather volatile, so it is anyones guess as to what the price chart does over time. OTC stocks are extremely illiquid, volatile and highly manipulated by MM's and other sketchy market riggers. The "technicals" actually do not look very strong right now; if you follow "technicals" which I typically take with a grain of salt and usually is just nonsense hocus pocus. Though the 200 day moving average is still just a few ticks over par value ($0.001) so on any given day the stock could fall down to touch the 200 DMA quite easily, especially on low volume.
The fundamental story of the company is what I think should be the focus.
I think there are many great potentialities for the company though we need to really see actualized progress so we can know that money raised via dilution from IronRidge is getting budgeted properly and that the new product will be launched and put out onto the market. Until then, unfortunately, it's all happy talk and forward - looking statements.
For the sake of shareholders I sincerely hope that management delivers on promises made, soon. We can only wait and see what happens ultimately.
In my opinion until we see real progress the stock valuation remains entirely and utterly imaginary, speculative and transitory.
Difficult to see the future is.
GLTY
$RFMK
The stock itself has always been rather volatile, so it is anyones guess as to what the price chart does over time. OTC stocks are extremely illiquid, volatile and highly manipulated by MM's and other sketchy market riggers. The "technicals" actually do not look very strong right now; if you follow "technicals" which I typically take with a grain of salt and usually is just nonsense hocus pocus. Though the 200 day moving average is still just a few ticks over par value ($0.001) so on any given day the stock could fall down to touch the 200 DMA quite easily, especially on low volume.
The fundamental story of the company is what I think should be the focus.
I think there are many great potentialities for the company though we need to really see actualized progress so we can know that money raised via dilution from IronRidge is getting budgeted properly and that the new product will be launched and put out onto the market. Until then, unfortunately, it's all happy talk and forward - looking statements.
For the sake of shareholders I sincerely hope that management delivers on promises made, soon. We can only wait and see what happens ultimately.
In my opinion until we see real progress the stock valuation remains entirely and utterly imaginary, speculative and transitory.
Difficult to see the future is.
GLTY
$RFMK
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