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Friday, December 19, 2014 4:48:41 PM
That's a heck of a down-trend to try and reverse and no PR or anything issued so far has seemed to make a difference ("Nigeria" PR yesterday, didn't make a blip on the radar?). The bid is continually dropping but no buying interest has materialized?
Look at the increase in drop from about the time the Magna $200K "note" was announced as being funded. Seems to coincide pretty tight IMO. Plus, it seems like Asher, and Daniel James and Fourth Man and the convertible, toxic debt folks like to "close out" at end of year each time (speculating, but it always seems that way) as the selling and share dumping volume picks way up. A month or so ago, this thing was lucky on a lot of days to be trading maybe 50K shares, sometimes less, like $1200 bucks a day total, for quite a while there. Now it's doing over a million shares on a lot of these days where it's getting buried.
Too coincidental IMO, that this would all the sudden just be Joe Q. Public retail buyers/sellers all of the sudden doing all this down-side volume when all this good news and super duper PR's keep coming out?? Seems strange to me?
Remember too, the lower the share price drops like this- the more shares the toxic, convertible debt folks get if they choose to convert, which means just that much more dilution. Thus, the term "death spiral" financing. Also, if they were to tap another finance line here, or the Magna "credit line" became active, it's gonna be just that much more dilutive the lower the share price keeps dropping. Looking real weak in here.
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