69 Reasons to own the cream of the #OTC crop #stocks#pennystocks. Special thanks to the many dedicated longs who post DD without frontloading!
1) #soundstr product is revolutionizing live music, making sure artists get their fair cut 2) Set fm also disruptive!
3) @vnueradio plays a wide variety of rock music and will generate a lot of ad revenue. What #OTC company has its own radio station? 4) VNUE radio helping to employ disabled individuals 5) Live music has made a comeback in 2021 6) Matchbox 20 tour coming in 2022
7) Artists like @CarissaBiele are signing with $VNUE 8) CEO is focused on $VNUE instead of owning dozens of OTC companies 9) CEO does not release fluff P&D PRs 10) P&D crowds would rather play scams so $VNUE has serious investors. 11) Shareholders are loyal to CEO's mission
12) @ZBairOfficial has underpromised and overdelivered for $VNUE 13) CEO is 2-for-2 in selling startups 14) CEO sold Voyence startup to EMC 15) CEO sold Immediatek to MARK CUBAN 16) Under 1.3B OS 17) 1.1B float unchanged all year 18) Almost no dilution 19) CEO considering buyback
20) CEO pays himself and VP modest salaries to focus on shareholders 21) Shareholder updates contain substance and aren't overbearing 22) $VNUE always has a new trick up its sleeve. When everyone was focused on Soundstr, VNUE radio was a nice surprise
23) CEO carefully researches acquisitions and executes when shareholder growth is possible 24) CEO does not start drama on Fintwit 25) Many others in the industry respect Zach Bair and are helping to finance 26) Triton group that financed $TSOI and $SFOR buying up to $2M in $VNUE
27) 8 million in financing from GHS, the same financer that took $SHMP from 01 to 90. Based on the DD above, one can assume that financing will at least be for the $VNUE #Soundstr release 28) Soundstr video shows that it is 100% accurate 29) Soundstr in beta for live music
30) Rockhouse Live (RHL) - $VNUE gets 4.99 percent stake. Place is well known by people outside of stockholders (how many OTC companies have products and services known outside of the trading community?) 31) Many public Snapchat map snaps are at RHLs 32) RHL Clearwater
33) RHL Key West 34) RHL Oxford, MS 35) More RHL locations down the pipe 36) $VNUE dipped in early 2020 due to COVID. They persevered! 37) Nearly debt free 38) RHL gets positive reviews 39) Shaping up to be a great takeover/buyout candidate 40) Pink current (September safe)
41) Applied to OTCQB 42) Almost met OTCQB requirements 43) Submits filings on time 44) Does not cook the books in reports 45) No plans to R/S 46) Monthly chart showing reversal 47) Daily chart showing upper bollie run 48) Falling wedge breakout potential on chart
49) Many companies without proven business and 3-5x the shares are/have been more than 10x the PPS. 50) $VNUE doesn't strike out. It hasn't had many at bats (high vol days), and when it does, it usually rocks (literally and figuratively). It took 30MM shares to go from 026 to 045
51) Many heavy bidders recently 52) Many investors using dividends and some profits from other stocks and crypto to gradually accumulate VNUE 53) 412MM shares held by management 54) Source known for at least 400MM shares 55) Accumulation on chart perking up
56) Few bagholders. Long term investors are even averaging up! 57) $VNUE following a similar long term pattern to $ALPP 58) CEO has talented assistants (Jock Weaver, etc) 59) CEO committed to work and isn't TOO available 60) Growth is organic instead of quick so know what you own
61) American Music Fairness Act, which is supported by both parties (in the 2021 political climate to boot) 62) StageIt acquisition to diversify in case COVID gets worse. 63) StageIt has $9MM/yr in revs 64) Many major musicians use StageIt 65) StageIt acq closes within 30 days
66) Some buys occur between the bid and the ask. This happened with $DROP in late 2020 when it was 007-01 and it ran to 0858 (and is 042 now). 67) Near 0158 resistance for next level up 68) Soundstr works for spoken word albums 69) The price is dirt cheap for the reasons above!
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Today proved more that patience pays. I have highlighted the wisdom of @WhiteCapLimited and @KentsBrokerage in the past. Now I am highlighting a nugget of knowledge from @Grolden87. Accumulate the consolidation and sell the momo. With that being said, here are my top 10 #stocks!
1) $SFLM Let's put the pieces together. Textbook accumulation and consolidation, pink current, real revenues from eBay store, float of around 700MM, and a price of 0042. The chart is tightly coiled, and a break of the 200MA at 0055 sends it.
2) $VMNT LEGIT and OTCQB. With a tiny fraction of the HMBL float and a slightly cheaper price, this is a no brainer. Only SEC regulated Stablecoin developed by a genius in the industry. CEO who has shown proven organic growth of the company. Sell your scams and come here.
First, I would like to thank the cast of the @slaptheaskshow - @LukeKnouse and @man_growth. They all should be followed (hint on the trader spotlight tomorrow by the way). I appreciate their asking about my nightly top 10. Well here are my top 10 most undervalued #stocks tonight
1) $DROP - Custodianship last summer, reinstatement 3/17, same owner took two months for another reinstated company to go "company updated profile". And the best part - 80MM A/S & no dirty D. Some R/M process plays have a market cap so high that DROP would be $3-5 without an R/S.
2) $TGRR Tons of action at bid when not much is needed to move the ask up. We saw how it went from 0018 to 0049 in 2 hours after reinstatement. Every time an 8k got released, it resulted in a multi bagger. Speaking of 8k, one stated that Intersection Capital will take it over!
1) #Soundstr product is revolutionizing live music, making sure artists get their fair cut 2) $VNUE radio plays a wide variety of rock music and will generate a lot of ad revenue. What OTC stock has its own radio station. 3) Furthermore, VNUE radio and NEWHD radio is helping
employ people with disabilities. 4) Set fm another disruptive product 5) Live music is coming back due to the vaccine 6) Matchbox 20 tour in 2022 7) Artists like @CarissaBiele are signing with $VNUE 8) CEO is focusing on VNUE instead of owning 15 different penny companies
You hear the term a lot - reverse merger, but do you actually know what they are and how they play out. A reverse merger is when a public company takes over a private company so the private company doesn't have to take
steps to go public. Many penny stocks make excellent reverse merger candidates because it doesn't cost much to purchase the shares of the stock. @WildRhino posted an excellent pinned tweet on the steps of #OTC#Stocks. I will go through each step in some detail:
1) CUSTODIAN APPOINTMENT - This is when someone is appointed to get the stock prepared for a merger and to do the intermediate steps. Clark County, NV has cases where custodianship is granted.
2) CUSTODIANSHIP GRANTED - This is when the court (like Clark County for NV corps)
Most traders are familiar with OTCMarkets.com. The website gives details on a stock like share structure and filings. There will be a flag like a stop sign or a yield sign indicating its filing status.
1) CAVEAT EMPTOR (AKA THE SKULL AND CROSSBONES) - This means something suspicious is going on or has gone on with the stock. Triggers can be a questionable promotion, past scams, a suspension in the past, or fishy ownership. Unless filings hit (and even then wait), stay away!
2) STOP SIGN - Filings have not been filed on time so the company needs to catch up. Many of these aren't good securities, but if there was a recent reinstatement (company updated profile checkmark) or filings are starting to pour in, a stop sign that has been asleep for years is
Yesterday, I discussed using retrospectives to help you do more of what you did right and less of what you did wrong (use hashtag #NavigateTheOTCJanuary to find 1/24 post). Today I'll discuss looking ahead for #OTC#stocks
1) HAVE AN EXIT STRATEGY FOR WHAT YOU OWN - If you have a large position, gradually exit the stock. Have plans to sell small pieces of the stock into heavy volume spurts. You'll gradually build a cash position that you can use to let trades come to you.
2) RESEARCH STOCKS THAT YOU DON'T OWN - New hot stocks arrive every day, and some hot stocks retrace and still have plenty of catalysts to break old highs. If you watch the catalyst and price action on stocks you are watching, you can better gauge where to take a starter and