I would think a dollar is probably unreasonable or let me rephrase, unlikely in 4 months, but I wouldn't discount the chance at north of 1/2 that. It all depends on where the professionals feel they can run it to and sustain. Many factors will come into play next week and if my predictions are correct I see either a very fast high volume turnover of shares from swing traders once it goes above .05 to the long term investors and to the new QB investment firms ; or the other scenario volume drops substantially signaling longs are confident, locked in, and shares are locked down for a slow steady increase. ( this would take the MM's dropping the price fast in a brutal effort to shake weak hands out)
I do not feel we have the attention of serious investors just quite yet but just like my other post stated we could see the turnover early this week. Take note, the roughly 130 new QB firms available to deal in this have had the weekend to do DD on the company, and all of the real info available is positive.
I do want to add this from the OTC site about the market maker process: "Only SEC-registered and FINRA-approved broker-dealers (market makers) may quote securities on OTC Link® ATS. Today there are over 130 broker-dealers that use OTC Link® ATS to quote and trade securities. Only one broker-dealer quotation is required to start trading. OTC Markets Group cannot recommend specific broker-dealers. However, broker-dealers included in our 211 Broker-Dealer List welcome potential issuers to contact them to discuss making a market in their company's stock.
Not all broker-dealers are willing to sponsor a new security and file a Form 211. Many broker-dealers will begin to quote a security only after another firm does the paperwork to be quoted on OTC Link® ATS. After 30 days, the newly quoted stock becomes "piggyback qualified," meaning any broker-dealer from that point on can begin quoting it without filing the Form 211 on its own." Meaning, as long as we already have 2 firms that filed, all 130 can elect to jump on this now! I do believe we have more than 2 already or the volume would be substantially lower!
Also bear in mind a lot of shares have been traded at the .035-.045 range, I would expect those traders to sell out half their positions at double that or the .07-.09 range removing their initial investments. After that its a free for all.
Something will/should happen this week.
My opinions, not trading advice. Very excited about the future of this company. Full disclosure of my DD should entice you to do the homework and research on your own, I think you will be very happy when you do!
I do not feel we have the attention of serious investors just quite yet but just like my other post stated we could see the turnover early this week. Take note, the roughly 130 new QB firms available to deal in this have had the weekend to do DD on the company, and all of the real info available is positive.
I do want to add this from the OTC site about the market maker process: "Only SEC-registered and FINRA-approved broker-dealers (market makers) may quote securities on OTC Link® ATS. Today there are over 130 broker-dealers that use OTC Link® ATS to quote and trade securities. Only one broker-dealer quotation is required to start trading. OTC Markets Group cannot recommend specific broker-dealers. However, broker-dealers included in our 211 Broker-Dealer List welcome potential issuers to contact them to discuss making a market in their company's stock.
Not all broker-dealers are willing to sponsor a new security and file a Form 211. Many broker-dealers will begin to quote a security only after another firm does the paperwork to be quoted on OTC Link® ATS. After 30 days, the newly quoted stock becomes "piggyback qualified," meaning any broker-dealer from that point on can begin quoting it without filing the Form 211 on its own." Meaning, as long as we already have 2 firms that filed, all 130 can elect to jump on this now! I do believe we have more than 2 already or the volume would be substantially lower!
Also bear in mind a lot of shares have been traded at the .035-.045 range, I would expect those traders to sell out half their positions at double that or the .07-.09 range removing their initial investments. After that its a free for all.
Something will/should happen this week.
My opinions, not trading advice. Very excited about the future of this company. Full disclosure of my DD should entice you to do the homework and research on your own, I think you will be very happy when you do!
2
