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Alias Born | 12/03/2009 |
Tuesday, November 25, 2014 9:47:40 PM
Its cellar boxed in. Look it up. Even when a small portion of a bid returned, it had 250 Million on the ask at that double that was so easily created today, that many wont get. This cellar boxing is how so many lose so much in these pinks. They figure it cant go lower. Right? Then it files to reverse split after dumping half billion share days, and does post RS. Then its up to who has what broker to see who can trade right away when the split takes place. Etrade is infamous for waiting 3 plus days while they hold shares and everyone else get to sell for even less losses, that are after the split. Then Etrade gets to sell, and its much worse. Why get boxed in like that? Its league minimum to NO BID for a reason.
When a company wipes out long standing, lowest bids to that level thats been sitting there, they expect only one way out. And so should anyone who sinks more into this at even the .0001 when no bid was rampant a lot today. This wont miraculously become valuable. Its dead now cause in reality it was weeks ago too. Just some who didnt want to believe and lost even more. Just go look at all the .0001 buys before any RS and see that none expected that. You have to hit rock bottom before trying with a completely new fan base. Doesn't bode well for anyone here now.
This is a dead stock. Half a billion buyers today got stuck with what they wont be able to get rid of, in what is the same half a billion even one tick up now. Watch.
Its not a new concept when down here in crap-ville pinksheet land.
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