$ PSGR How does $0.006/share sound? Can the share
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Posted On: 04/28/2020 9:26:54 AM
$ PSGR How does $0.006/share sound? Can the share price drop even lower? Will the share price increase?
A look-back on share price over the past TWO DECADES seems to indicate that someone steps in to buy a few thousand shares and the share price increases slightly after the share price hits close to the Half-a-Penny share price. Sorta like running an old tire down to the worthless smooth rubber surface than putting a retread on it. Same ole tire but it looks cosmetically better and it will give the car owner a few more miles down the road. However, it is difficult if not impossible to convince anyone that the retreaded tire is better than a new quality tire.
I wonder how many times someone will attempt to retread a tire before it becomes obvious that the value has diminished and that sometime in the future the tire will be completely worthless?
A look-back on share price over the past TWO DECADES seems to indicate that someone steps in to buy a few thousand shares and the share price increases slightly after the share price hits close to the Half-a-Penny share price. Sorta like running an old tire down to the worthless smooth rubber surface than putting a retread on it. Same ole tire but it looks cosmetically better and it will give the car owner a few more miles down the road. However, it is difficult if not impossible to convince anyone that the retreaded tire is better than a new quality tire.
I wonder how many times someone will attempt to retread a tire before it becomes obvious that the value has diminished and that sometime in the future the tire will be completely worthless?
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