That about sums it up, nobody saying the garbage t
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Posted On: 03/06/2018 11:14:55 AM
Re: TheDanimal99 #1964
That about sums it up, nobody saying the garbage that is being spewed actually WANTS to believe in any penny play. They think the only way to play the OTC is to flip, but the reverse merger route has only become a very popular way to go public in the past few years.
What's truly hilarious to me is how many people think this is a scam and yet none of the usual scam indicators follow it AT ALL. The share structure remaining virtually unchanged for the last year should be the only real indication needed to make that leap of faith, coupled with the constant uncovering of new details about Wang's movements.
I've said this before, but anyone who can't see the bigger picture here and is fixated on the current share price doesn't really deserve to profit largely from this when Wang finally pulls back the curtain. Daily SP mean absolutely nothing when the share structure is unchanged except that market makers and shorters are taking advantage of the lack of communication to shareholders through standard channels, but the company is talking a lot IF you know where the info can be found.
That is made totally obvious when you realize that this thing channel trades for months in between events and the only reason it is where it is now is because the RS amendment shook a lot of people out who just lost their patience, but what's funny is that RS hasn't even been made effective yet, which creates an exceptional opportunity to average down.
Here's the bottom line, if your cost average is 3.8 cents, even with a reverse split at 100:1 you're still buying at $3.80 a share for a stock that will open in the $20-$70 range depending on what has already been rolled in and if that includes a pipe investor. In that scenario, and investor that held 500k shares pre split would have paid $19,000. After the uplist, if the open was even at the $20 point, they've now got $100k and have 5.3xd their money.
It's a no brainer. You just took your down payment and turned it into the whole house, basically.
THAT is the reason that we all are cheerleading even down here and despite the RS.
What's truly hilarious to me is how many people think this is a scam and yet none of the usual scam indicators follow it AT ALL. The share structure remaining virtually unchanged for the last year should be the only real indication needed to make that leap of faith, coupled with the constant uncovering of new details about Wang's movements.
I've said this before, but anyone who can't see the bigger picture here and is fixated on the current share price doesn't really deserve to profit largely from this when Wang finally pulls back the curtain. Daily SP mean absolutely nothing when the share structure is unchanged except that market makers and shorters are taking advantage of the lack of communication to shareholders through standard channels, but the company is talking a lot IF you know where the info can be found.
That is made totally obvious when you realize that this thing channel trades for months in between events and the only reason it is where it is now is because the RS amendment shook a lot of people out who just lost their patience, but what's funny is that RS hasn't even been made effective yet, which creates an exceptional opportunity to average down.
Here's the bottom line, if your cost average is 3.8 cents, even with a reverse split at 100:1 you're still buying at $3.80 a share for a stock that will open in the $20-$70 range depending on what has already been rolled in and if that includes a pipe investor. In that scenario, and investor that held 500k shares pre split would have paid $19,000. After the uplist, if the open was even at the $20 point, they've now got $100k and have 5.3xd their money.
It's a no brainer. You just took your down payment and turned it into the whole house, basically.
THAT is the reason that we all are cheerleading even down here and despite the RS.
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