Post by
RoyallyScrewed on Feb 22, 2021 2:04pm
77% increase, lol
I see this as an opportunity for bag holders. Ask yourself a few simple questions.
Why the price increase, what is supporting this price when the same info had it sitting at .03-.04 since july of last year? They can't even raise money in a PP.
What are the chances that there was a leak? The company will have to release a NR saying that this 77% is due to something... or due to nothing.
If there was a leak, can you valuate the significance of the news? Sure you can. At .08 the market cap is still only 13 million. If the patents were suddenly valuable and in demand, the market cap would ve north of $60 million just to cover patents. So whatever the possible leak, it's pretty insignificant and probably overblown as the US otc souldn't get above .10 . I personally think it's just some passing whim or some penny stock manipulation. It's been going on for too long without a response from the company.
JMO
Comment by
AAtrager on Feb 22, 2021 3:17pm
This post has been removed in accordance with Community Policy
Comment by
RoyallyScrewed on Feb 23, 2021 2:31pm
Desperate? How? I basically said it seemed like a good opportunity (.085) to sell for bagholders. How is that desperate? It was up over 400% from it's low in 8 months on no news.
Comment by
chrisfb on Feb 23, 2021 4:36pm
I acknowledge I'm knee deep in the sunk cost fallacy at this point; but 400% of peanuts is still peanuts. I've held this long.
Comment by
Liked2Think on Feb 23, 2021 7:06pm
I guess i could buy a few bags of peanuts with the sudden increase in price. In reality it has done nothing for my bank account though. Anyone that bought at 4 cents should had sold by now.
Comment by
Pandora on Feb 23, 2021 10:58pm
I bought at 28 cents in 2011 and at 4 cents in 2012 and at 2 cents in 2013 and at 2.5 cents in 2014 -- sold a number of times since, but I am still here with some stragglers.
Comment by
Liked2Think on Feb 26, 2021 4:28pm
better than me. i bought at 4 cents years ago but fell hard for the koolaid. average buy in right now is 40 cents.
Comment by
Pandora on Feb 26, 2021 8:16pm
Well that's a full week of trading and not a word out of the Company. Still running in silent mode. I thought that got them in trouble before but they're sticking with it. At least for now.
Comment by
Pandora on Feb 27, 2021 2:27pm
Back in the day when YFI was an operating, functioning company i.e. 2018, 2019, the 3rd quarter reports were issued in the last week of March. Will that be the next info we get and will it be at the end of March? Any thoughts as to an information trail? i.e. is there now really something going on?