DDA
2 years ago
Nice one. Hoping this one would do the same ... unlikely ... still, going back to your question (apologies for the late reply), I see this going back up signifcantly. Reason being that they reduced the O/S with 50%; it's a shell ...
As they'll need to ensure they're back 'on line', I'm hoping the coming months this one will show sign of life. If they find the right merger candidate, who knows where this one will go. With this low float, I'm counting on a serious increase in the PPS.
So, I'm not going anywhere on this one ... but the 3 shares traded the other day was ... pathetic :).
backtoreality
3 years ago
I'm guessing yes. And the way most of the OTC companies, for lack of better words, are pumping they have a merger that is spectacular then the stock jumps and gets shorted back into the ground,,, or the original company dumps millions of shares in the pop.
Rshn has a significant merger that instead of merging is breaking away and selling their own shares. Leaving rshn with a empty shell maxed out on shares.
Otc is lose lose lose now. SEC is responsible for it if you ask me