RE:RE:RE:RE:Dilution What a weird turn of events on this little name. In like 6-7 months we have gone from a super bull group of pushers to a super bear bunch. How about we level out a bit.
This company is not a major revenue generator, it likely never will be or it would get taken out which I'm sure at some point it will.
Anyone who sees this as an investment that isn't associated with the company is a little crazy with high hopes.
Just trade this little vehicle and enjoy the quality content they produce, don't let your feelings get in the way of a 50/50 draw. 12-13 cents is actually a pretty decent time to buy as I feel 16 cents is likely close to its reasonable value (but that's a guess and I have nothing to back it up). I'm not in yet as I would like to see the year end earnings to be sure there's nothing dangerous going on here to watch out for. It seems to have formed its bottom, maybe moves a couple cents lower here and there.
I'm likely gonna jump back in soon with a small amount, and maybe add more if it dips, and wait for it to pop again above 16 cents with a goal of 18. That's about a 30-45% return from right here at 12.5 cents, I'll even guess we see a pop up in 4-8 months. That's just how this name seems to act, so let it do what it's gonna do and either take the risk or don't. Don't get greedy, don't get butthurt and you can make a pretty good return just playing its movements.
I've made just under $3000 in profits on this name by bouncing in and out several times with like $2-3000 bets each time, if I lose everything on one it's not a big deal at this point. If I had the balls to throw more in or even stay in longer I would have made much more, but I don't need to, I just take what it easily gives and don't care too much about what Derrik and the gang are doing.
The dilution is somewhat interesting, but I haven't seen a private placement fail, and if they are diluting at 15 cent prices and I'm buying at 12.5, that dilution seems kind of positive for me doesn't it? If your buying above that 15 it would hurt. All the dilution is gonna do is skew already low earning numbers, revenues are likely only gonna be 3-5 cents per share for the full year which likely won't show a profit.
If you have been on this board for 4 months+ and are in above 16 cents, especially in the November spike... Ouch, shoulda listened to reason and experience.
Let's just chill out guys... Throw on some classic Eagles and Take it Easy... or Foghat, Slow Ride, what ever suits you...