Behind Closed Doors
During the 3rd quarter they delivered on their goal to trick investors into believing that there would be a profit. That the EPS would be positive. That there would be no dilution. That convertible notes were somehow a good thing. That the deals were all good. That warrants were all good. Oh ya, and that they were somehow saving lives. Now they are all probably LTFAO behind closed doors. The investors were tricked. Those that made money are now long gone and looking for their next gullible target. It's so easy. It's too easy.
Meanwhile... the company management is probably still upstairs in the conference room behind more closed doors. They are having a little party to celebrate their successful pumping-campaign that got them to over a dollar for ten days straight, just before quickly releasing their devastatingly bad and oppositely expected quarter report. They're probably handing out bonus-perks in the form of worthless restricted shares, via the employment benefits package. Plus, some various prizes and gifts for doing such a good job of fooling day-traders into performing some of their nasty tricks for them. They might also even have boxes of candy to hand out later, to all the others waiting in the downstairs lobby.
Now they have to come up with a new plan. Somehow they have to trick you into thinking that equity offerings are a good thing, and that they are needed to support future operations and growth. And they have to trick you into thinking that the selling of an asset wouldn't basically just be another wash, by convincing you that it just isn't the same thing as robbing Peter to pay Paul.
But there isn't any hurry. There is no threat of getting delisted, at least not for another year. And varoius insiders have sold enough to compensate themselves for a while. So there is plenty of time to head out of town and wait until the heat cools off.
At the same time... many investors feel they are now trapped. That they fell for it. Stuck waiting it out, hoping for more news. Hoping that the pump-n-dump still has some legs left to it. To sucker others in so that they can get out of this mess. But with each new pr, and with each new pump, nothing happens.
It's lost ... "What happened?" ... As tax loss season slowly approaches.
J M O
