posted
i am pretty new to OTC stocks and my friend is a pretty darn good swing trader. he said that there is no way QBID will make it to a $1.00. can someone please explain to me how QBID can ever make it to $1.00 with its huge O/S? i mean, with the market cap and ~7.5 billion shares, how can $1.00 be possible without a reverse split.
are you all assuming that most of the O/S is held by insiders with a low float? are you all assuming that there will be a huge buyback?
i have my theory, but i want to hear other's thoughts.
posted
How many people buy those sheets of paper that say's,
"(Your states name here) Lottery"
the average lottery ticket cost $1.00 and gets chunked into the trash the next day without stress or cause if its not a winner.
so one ticket per week (x) 52 weeks = $52.00
So if you gambled on QBID the same way at $52.00 (x) 0.004 (not including comm) and sold at $1.00 (if and when) = that would be a generious return of $13,000 . And if you loose ( I dought it) you can just chunk that thought in the trash as you would that lottery ticket.
Go Vegas <<<------ Pick them pennies up!
lol, chuck
Posts: 1208 | From: SS, Texas, USA | Registered: Feb 2004
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quote:Originally posted by billy3ci: i am pretty new to OTC stocks and my friend is a pretty darn good swing trader. he said that there is no way QBID will make it to a $1.00. can someone please explain to me how QBID can ever make it to $1.00 with its huge O/S? i mean, with the market cap and ~7.5 billion shares, how can $1.00 be possible without a reverse split.
If you want to know everything about QBID read the 57 page stuff and learn all about it. First of all it could not reach .001 then .002 then .003 then .004. It has and it will go a lot higher. I have asked this question many times and never got an answer. Howmany O/S does QBID have right now and prove it to me. No one replies. Why because no one knows but the company. The company stated they will be no R/S and they are in the process of buying back the shares. No one knows how many O/S they have no one but the company. Read the other threads you you will know a lot. Nor does anyone know for 100% that it will or will not hit $1.00. Maybe back to .0001 or up to $40. Who knows. I am betting on at least $1.00 and probably more and no dang split.
are you all assuming that most of the O/S is held by insiders with a low float? are you all assuming that there will be a huge buyback?
i have my theory, but i want to hear other's thoughts.
thanks!!!
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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