why it is difficult to go up from here
1- buy at .04, get filled, put an ask at .045 and get filled, congratz you beat the market and made 12.5%. Repeat Buy at .04, get filled , put an ask at .05 and get filled, congratz you just made 25%, beat the market and beat some of the best hedge fund managers in the world. Repeat If you can sell under anonymous its better, you keep them wondering. While they are wondering, they are not part of the show. 2- a new wall of potential shares unlocked on july 3rd, 30 000 000 shares total from the previous placement. Those people are in the red already and might just want to derisk and keep the warrant only. Their cost: 0.05 3- last private placement was done a lot below the market price at the time , i Suspect that placement participants were seeing too much risk for the price at the time and wanted to be compensated for that 4- so if they had to pass the placement way before the market value at the time, at what price the next placement would be and how bad the dilution would be? 5- last nr, "customer base has grown by an average of 61% month-over-month", ok so were you increasing from 100 to 161 customers or like from 10 000 to 16 100 or even greater ? Why aren't they providing numbers? So far, its classic slippery slope. I wish all the best for the company and the shareholders though.