You know how many debt-ridden stocks are on the OT
Post# of 103015
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Posted On: 04/05/2017 4:51:27 PM
You know how many debt-ridden stocks are on the OTC? The majority of them. There are stocks like MMEX with zero revenues that hit 5 cents in a month from the same level as GBSN is at now. They haven't made one dollar since 2013 based on the financials released today. Not one dollar yet it hit 5 cents. Where is the logic in that. The agreement they just signed won't materialize into revenues for at least two years. But its at 3 cents???
You are using fundamentals to value the stock in the OTC when there are so many more variables to consider that have nothing to do with the viability of the company as evidenced by MMEX. No offense to those that own it.
GBSN was brought down by profit taking. Simple as that. It was at .0021 and a day later closed at .0071. People saw an opportunity and got out.
Too bad they said anything about a RS. They probably won't do it anyway but it gave fodder to the bashers that it was going to happen some time today. Ppl took profits. When they see the RS scare tactics were just that it will rebound.
Same thing happened with CEGX yesterday. Beaten down by selling and rebounded today.
You are using fundamentals to value the stock in the OTC when there are so many more variables to consider that have nothing to do with the viability of the company as evidenced by MMEX. No offense to those that own it.
GBSN was brought down by profit taking. Simple as that. It was at .0021 and a day later closed at .0071. People saw an opportunity and got out.
Too bad they said anything about a RS. They probably won't do it anyway but it gave fodder to the bashers that it was going to happen some time today. Ppl took profits. When they see the RS scare tactics were just that it will rebound.
Same thing happened with CEGX yesterday. Beaten down by selling and rebounded today.
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