<<But the Bid & Ask prices aren't even flinching!!
WHAT GIVES??>>
Relax. The bid/ask was frozen on itec on the last numbers it traded on the NAZ.
It will be forever frozen in time...but hopefully they wipe it off the board. The new bid/ask is based on it being moved on the otc.
We can look at several scenario's. 1st, this is awful...it is only a matter of time before we are trading at .05, and then only a little longer before it goes under. If you think this is the scenario, then I suggest selling now over $1 while you can, and getting out.
Personally, I just dont see this happening. I have no idea what the share price will do, but I do know this is not your typical OTC. They are a real business, with real products, services and revenue. They have a product/technology that many want. They are announcing very good deals with brand name businesses. Institutions are taking a stake and covering them with positive reviews. They have been listed I believe for a few years now, as one of the 50 fastest growing co's in SD, I believe.
What I see is a donwtrodden company, picking itself up, and so far it looks like they are doing well. Being taken off the naz really means nothing as far as how the company produces. Let them do their thing and getting back on naz will take care of itself.
Anyway, I will keep buying if they wish to keep dropping the price. It wouldn't hurt my feelings one bit if they dropped it under .50...heck drop it under .05....I'll back up several trucks and buy.
Good luck to all
If your negative, I suggest get out now, if your feeling good, I'd suggest buy on the dips if they bring it down and then get ready for another ride to $3-$6..... |
