Gary,
Thanks for your reply. Glad you got some sleep. You are punctuating again. LOL.
Still on the subject of "how does an OTC issue make it to the big leagues." Many of us dream of one of our babies making it big, but often underestimate the hostility of the market. It is easy to SAY that a stock could go all the way to 10 bucks. But the opposition [illegal shorting, daytraders, legal shorts, MM manipulation, etc.] is a formidable force. And too often CEOs make fatal mistakes, I.E. reverses, dilution, etc.
The vast majority of OTCs deserve to be where they are. But the needle-in-the-haystack undervalued sleepers need a "formula" for breaking through the 1 dollar, 2 dollar and 5 dollar barriers. It seems to me that it takes a "concerted effort" between CEO and shareholders to support and drive a deserving stock that far.
Unfortunately, there are laws [ridiculous as it sounds] against making such a "concerted effort" to squeeze out the shorts. So what is a CEO or shareholder to do?
Do you [or anyone] know of such a step-by-step formula to try and break thru these roadblocks in the course of making it to the big leagues?
Many stocks in the 1-3 dollar range are absolutely stuck there.
NCTI, OZON, ECHTA, FBAR, IMAT are all great companies with cool products and making financial progress, yet they are all stuck in a 2 dollar rut.
Is this a sort of purgatory for OTC issues? They hang out in the 2 dollar area for a year or two until some really big news? If they wait for a major brokerage/promoter to pick them up from 2 dollars, they run the risk ending up with a La Jolla Capital type, that drives them right back to .17 [and makes a fortune doing it].
So, can we "formulize" a method of guidance that comes from our collective experience of real-world OTC investing? If so, I am certain that there are well-trained CEOs that will still benefit from our conclusions. And that sure can't hurt OUR investments.
Do you think this would make a good thread topic?
Appreciate your thoughts one more time on whether a "formula" can be made to help guide issues thru the muck and mire.
Rande Is |
