Global Arena Holding Inc (GAHC)

[jrf30]

Yeah, you got a starter. So did I. I bought some on August 22nd, after they announced their great revenue increase and good news. Paid .013 for it. Then, it went down. A lot. So I averaged down and bought on 9/21 at .006 per share. Hey, a 50% haircut, so a good average down, right? Then it went down. A lot more. So I averaged down on 9/30 at .0028 per share. down 505 from the average down price, so averaged down again. Now, on 10/11, it hit .0018 per share. Shoot, that is down 36% even on the money I put in on 9/30 at .0028 per share, not to mention it would have to go up 500% just to BREAK EVEN on my first shares, which were after the "good news" and compliance on the quarterlies. So don't get too excited yet about a starter position. they are KILLING us with this toxic funding.

Oh, and "they only have $125K left" to sell? At .002 per share, IF it stays there, which it has been dropping like a rock instead, that is another 62 MILLION shares to still be sold. Plus that is THIS bond holder. Is there another one behind him? Or a few more?

Maybe I'll average down again ... in the triple 000's. So far though, the good news has done nothing, and the company using such terrible ways to fund themselves is crushing ANYONE who buys in the open market.

Good luck to all us longs, but this has not been a good spot to be so far.