RE:The cycle repeats itself...The stock will likely falll to .065-.07 on tax loss selling.
To blame one individual for all the selling is insanity. Since the day BN has resigned the stock has traded 246 million shares. I just did a trade workstation on it. Considering he only had 7 million shares I find it hard to believe that all the selling that has ben blamed on him for an entire year is possible.
There are other legacy people as well. Jeff Hunt. Allen Ezer. Bill Mcgraw. Adrian Crook. They have all resigned. They weren't fired. Why did they leave? From my intel gathering., it was because Henri is a very difficult person to work with. Which is OK. So was Steve Jobs!
I have snifffed arond on the heavy selling lately. I have found that Henri has upset a large shareholder and backer and he has liquidated. He had over 10 million shares and let go of half or more. These things happen.
In the end it's all just noise noise noise. If the product that Henri is delivering captures the imagination and users all over the world this could esily be a 5-10 dollars stock (depending on the next financing)
The question is: How will they market this with 1-.5 million dollars left in the bank? This is the million dollar question. You can't launch a brand that you plan to turn into a billion dollar company off of a million dollar budget. So there needs to be a large equity or debt financing. So I would think it more likely that the fininciers that plan on doing the financing are pressuring the stock to get the financing at a lower price perhaps? This seems more likely than the other theories. Launch is near. Money is low. Not hard to figure out taht they need cash. ot 1-2 million. Likely 5-10 on the low end. Maybe they will; find a partner to joint venture/buy in at a premium? MAYBE
Judging by his track record and watching videos of him I get a good feeling about Henri. As an avid sports fan I can see the value. I'm not really an E-Sports guy. Yet I see that the nerds/gamers of the world are on their screens more and just as rabid as the real sports fans are. So I can see where we are going here.
My advice is to buy no shares until we find out how this will get financed and at what price? This one major milestone/decison will dictate the future earning value on your investment. If you are long and holding on that's great. Hold on. I own plenty and am holdng on. I won't add more until the .065 area though. i think that's an area of low to no risk. Tax loss selling and regular selling on no news and no promotion likely to be the norm until January.