Lately our platform over at pennystockdream.com has become known for incredibly fast gains on penny stocks, with our Platinum Members recently seeing as much as 2,100% gains within just one month. After this incredible movement, we announced QASP as our next major play, which left many expecting immediate movement and swift gains but QASP is a different beast, that we continue to hold incredibly high expectations for.
QASP commands a share structure that is significantly greater than our previous picks, which leads us to continue to say that this is one that will require a little bit of patience. The important thing that investors have to keep in mind with this stock, is that they are making swift changes to the way prior management had been operating the company and already it is becoming clear that they are working to be more forthright with investors. A shining example of this being the somewhat under the radar realization, that in the middle of the trading day, this past Friday, they filed important financial identification, to put them on track to be upgraded to the "Pink Sheets Current," trading tier, within the OTCBB. They have already released a statement via twitter, saying that the only thing left to do is release an attorney letter, with respect to current information, to have their tier officially upgraded.
Why is this upgrade important?
The OTC has found that the higher the trading tier that a stock hits, the more liquid the stock becomes, meaning that as the tier increases, so does the dollar volume of trading. The reason behind this, has to do with tier upgrades, correlating to a willingness of a company, to make its financial records publicly accessible. Naturally, if a company hides financial information, there is a greater likelihhood that there may be something negative going on behind the scenes. QASP opening up its books in this manner, is a significant relief to investors and in doing so, the stock may very well see increased trading from those investors who had previously strayed from it, due to being unwilling to invest in a non-reporting company.
QASP management has made it very clear that they intend to put out a completion announcement for a very large medical marijuana related deal, in the very near future, likely in the early part of this new trading week. In recent history they have already released two releases stating that the release was soon to come but with the tier upgrade already out of the way, this is the perfect time for them to announce completion and pushing toward other deals and completions.
If there was ever a time to be sure to keep a close eye on QASP, there has never been a better time, than what we are seeing with it right now. We continue to expect to see QASP become a major contender among other medical marijuana related plays.
We intend to continue keeping tabs on this play, as well as release numerous others, in the near future. To keep up with our coming announcements, be sure to subscribe to a membership at www.pennystockdream.com.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.