OTCPK:SPLID - Post by User
Post by
old_dogon Mar 03, 2021 12:37pm
216 Views
Post# 32705611
So what is the strategy
So what is the strategyBeen watching the bids and asks.....very interesting...all in all bidders must be coming around to the fact that 2.5 cents is the new low. Oh yes we see that odd 20K lot or that 5K lot at 2 cents but I'm more inclined it's just there to help shake the tree that last time.
little story.........many many many years ago there was a guy that would load up on shares of a company with a share price heading south. Then he'd portion out a percentage of shares to sell in the open market dragging down the price...yep dragging down the price......when he couldn't sell any more at lower prices he knew he had hit the bottom. At this stage he went on a buying spree because he knew at that stage the only direction was UP....so while taking a hit on some shares on the way down he knew that everything he bought on the way up was pretty well guarranteed profit.
So are we at that point now with EAT. I'd like to think so and the large base at two cents tells me this could be the time to start buying it up.
Just remember the company is working on two nice deals that if those deal come through the company will bode well.
old_dog