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.
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.
Bit Brother Limited (BETSF) Stock Research Links
"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.
