Post by
korupsion on Dec 23, 2020 11:19am
A little patience please.
I dont think this will be a popular post but I am bored and this is My opinion. I guestimate the average age of posters on this board is low twenties to high thirties. Or what i call the "given to ones". The impatience from the given to ones group shows in a lot of the posts I read. It is not really their fault because many have been given everything they wanted from doteing parents since birth. This becomes the norm to them.
This company got on track less than a year ago and the given to group already demand results. Not too long ago people invested their hard earned money with the hope that it would double in five years or 15% a year. That was considered excellent return on investment and didnt happen too often. Now the given to group want 300% in a month and then move on to something else. They start to bash the management first if they dont get their way. Just like they got upset when mommy didnt get the latest play station or Xbox console for them on release day. They knew they would get it for Christmas anyway but that wasnt soon enough.
When i read some of the comments on here I think of the "walk a mile in my shoes" comment and wonder how well people like wwmeanic, ali4 mason and more would be able to take over a disfunctional company and make it work in less than a year. It is a hard uphill battle and I feel the management should get some respect for how far they have come.
At the end of the day my message is... have patience. We are just getting started.
The SP we are stuck at has very little to do with the management or the company. It is the millions of shares that are available to sell every time the price goes up a 1/2 cent. That is where you should direct your anger.
Comment by
ibsn4512 on Dec 23, 2020 11:29am
Mostly disagree with your shallow assumption of facts & misaligned expectations of ROI on a penny stock. The number of shares & float percentage is not the issue. Covid related sales are a fraction of what was anticipated in April & May. I've been long & hold more than most & not as much as some, as well as twice the estimate of you misaligned demographic!
Comment by
korupsion on Dec 23, 2020 11:44am
I have watched this stock closely because i too have alot invested. Everytime the price goes up it is immediately hit with hundreds if not thousands of lots of sells. house 001 is a usual suspect but there are others. It might even be automatic for all i know but the fact remains the upward movement of the price gets blocked every time with more sells than buys.
Comment by
MoneyMKR72 on Dec 23, 2020 12:16pm
Just a waiting game . I'm good with that. I see it as accumulation the old fashion way with DM refusing to do a PP. Once they have enough shares they'll shake the tree one last time. The next substantial NR after the shake will be the last we see of this low SP.