Am I looking at this chart correctly? It's down from $70 on Dec 06 to sub penny levels now?? What happened? I know they did a 1 for 3000 r/s.
Been watching this stock since news came out, but never got in. Don't trust Pinkies. The news is huge, but how are they going to get the funds to buy the companies?
The float has to be much higher than stated. No way it could be less than 1 mil. Its seems they are diluting to get funds or some one is selling their large position..or could be some exchange in shares to get the new company. What ever the case, if they pull this off..I can see much higher prices. The water business is huge and getting larger every day and this is coming from a person that is in the beverage industry. In these turbulent market conditions this sector can only win.
Just wanted to put in my two cents.
Any way I'll be watching closely.