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0.3¢ 88 energy limited

Hickory Flow Test, page-60

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MosheArens

123 Posts.

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13/06/23

10:14

Post #: 68253966
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Originally posted by Fridayme: ↑

The logic is not right, if the price is $1.00 and people are buy at $1.05 and sell at $0.95, that 5%, not 1%

Personally you should look at penny stock and see what happens to them after consolidation. most of the time they end up like my example below and this is a real case that happen in the last year.

I bought in a stock for 1,000,000 shares at $0.002 so spent $2000.

They consolidated 20:1 so my stock become 50,000 shares at $.04c

Since consolidation, the shares have dropped and trading at $0.010 so my shares are now worth $500 today.

before consolidation the lowest it could drop was $0.001 meaning if i sold at the lowest tradeable price, i would only lose $1000.

Now after consolidation, the SP can still get to $0.001 meaning my share would be worth $50.

consolidation are good from some prospective and normally for new shareholders wanting to buy, it is generally bad for the ones holding.

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spot on Fridayme. Most of the time consolidations have led to significant loss of market value.

88E Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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Last 0.3¢		Change 0.001(50.0%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$14.37K	5.557M

Buyers (Bids)

No.	Vol.	Price($)
255	369532586	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	616523361	229

View Market Depth

No.	Vol.	Price($)
257	370353051	0.002
290	1089420936	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	694273361	231
0.004	302806755	112
0.005	79154762	59
0.006	33540906	35
0.007	70920425	23

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