Omni Commerce Corp CCTXF

Friday's action

[ctblizzard]

The morning run up was met with a good amount of selling. The fact that it rebounded to rocket up at the end of the day was a sign of some new buying and strength. I noticed ANON and BMO picked up a bunch of shares during the day, at least in what I could see when I was watching the trades. Volume was also very good. Some of the early selling took out some of those that took positions in the prior months at lower levels. With a lot less stock outstanding these days (for now at least until 12/15 with PP comes off lock up and warrants might be exercised), it could move pretty quickly. Of course such rapid moves often see some kind of retracement unless more news follows quickly.

The job move for our new advisor was picked up in the block report blockchain online newsletter and someone posted about Mezzi on the BTL Group page as well which probably brought in some new interested parties.

Longer term investors who have not sold and who didnt average down are in at much higher prices so I would assume many will take the ride for a while.

With about a month until PP shares come off lockup this is the period where we need some news. One thing that helped the bump was the fact that this thing had been so news dead for so long it was just a sitting duck waiting for any sign of life.

If you recall I had stated for months that someone new a plan we did not know, I still think that is the case, there were some good sized positions taken Friday in anticipation of something so while we will most likely have some retracement this could still go a bit higher , especially if we have news. Market cap is low.

It really depends on what really happens here other than talk.

Just my opinion, due your own due diligence of course.