TheDirectory.com, Inc. (SEEK)

[Carini]

Not to say I told you so, but did I call this one or what?

February 9

A day of rest, then the dumping resumes. Billion share day coming soon. Then no bid.

SG doing "whatever it takes" before the financials are revealed.

Tuesday, 2/17

I repeat:

Quote:
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Debt holders are trying to milk the last of the .0002's by holding off on dumping for a few days to make .0001 bid-sitters think they are unwilling to sell .0001's. Slowly some might start pecking at those .0002's (not realizing, or appreciating, just how many of them there are and how little there is on the near horizon for SEEK to get people to buy 400MM of them). When .0002 hits start happening we will also see some intermittent dumping into the .0001's to encourage others to bid sit. Then once VFIN, CANT and BKRT's holdings are chipped away at enough (never mind all the retail shares), and the bid gets large enough for them at .0001, we will see a day or two of massive share dumping of epic proportions. Probably even a billion-share day like we saw with a couplestocks last year in similar positions as SEEK. Then it's no bid with another 500MM-1B shares on the ask at .0001 for a couple weeks, then the reverse split is announced.

Thursday, 2/19

I think it's actually wash trading by the diluting MM's. Basically buying shares from themselves at the VWAP, which is currently .00018 (and will register as a buy at .0002). Gives the illusion of interest, but it's totally fake. IMO it tends to precede that big dump into the .0001's when they finally give up on selling any more .0002s.

So here's my current prediction:

Notice of late filing for the financials filed this Friday, maybe Monday.

10-K filed March 15, and we will be at no bid x .0001 by then.

Reverse split by April 1.

This game is fun!

Good job Scott.