Retired teacher/counselor and speculative investor
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Al - When you reach my stage of life, that old joke has more truth and deeper meaning. I refer to: "I'm so old it ain't safe to even buy green bananas"
I guess you will just have to let me be a bit odd, because I kind of like Brian from all the pieces I have picked up from here and there and especially from RJ.
I am really only interested in one main thing--to get a "feel for" - to draw an impression one way or the other - as to whether in the near term we have the likelihood of reestablishing financial compliance, etc.
My hospice nurse has advised me that shortly I will need to have more help in caring for myself if I want to continue living in this assisted living facility. A clarification for myself on short term expectations for FASC might be helpful.
But, regardless, I am only interested in establishing friendships and good relationships. I hope that can happen with Brian.. So, an unusual request. Consider praying for me and that phone call. I'll do my best, but be open, as my Dad once said, "to take what God sends". Dave
Al - I am not interested in asking Brian about individual or multiple sales. It may seem odd to some of you, but my only objective will be to try to start a friendly relationship, thank him for hanging in there with us and keeping us afloat,and get a personal feel as to whether getting the financials reported is a reasonable short term objective.
TR - Thanks for providing the phone number again. Dave
TR - Wold you kindly post again best phone number to call Brian. I should have saved it the first time. Plan to call first of next week - Dave
TR - I had very similar thoughts last night as I contemplate my call to Brian. RJ has had a more personal relationship than the rest of us. Don't even know whether the rest of you know what the R in RJ is short for! I miss his more frequent post of the past.
I don't expect too much if I get through to Brian. Mine will be but a friendly call, as a person who once had talked with Cal. I will be attempting to get a feel for whether compliance is in the works or not--and anything more specific that he may reveal.
My hospice issues are progressing so I am prioritizing my time even more carefully--but will do my best to get something useful for the board. Dave
Sam - There are some here who believe there is MM hanky panky going on, and others who don't. I am decidedly in the latter camp, except for minor deviations that don't really affect the price of the stock in any appreciable way. That said, it is probably enough for the investor to know there are two camps--two schools of thought.
I expect I may be calling Brian next week. If I am positive after speaking with him, I may add some 200K more. If negative, I may prepare to "sell pencils on the street corner". (Only kidding. I cannot help at this point but to lean toward positive thinking). Yet, if "soon" doesn't change its meaning here, we may all be chipping in to help Brian pay for a motorized chair. Dave
Nothing new to add other than if I can pick up a few more shares in the sub penny area I most likely will. I find that posters here are very set in their ways whether with a strongly positive bias, or strongly negative one. My only suggestion is that we practice talking more respectfully to each other--no matter which side of the fence we are on. - Dave
Let's leave it this way. The last two posts were deleted--the second was mine. No further comment unless someone wants to send me a private message.
I earlier wrote that in my doctoral program in educational leadership, leadership was defined as "moving a group toward mutually acceptable goals" I don't find this possible here under the present circumstances--they are not mutually acceptable.
So we will go back to our old ways of relating--but something important is lost. If anyone wants to private Email me just add gmail to my Waitedg name used here. - Dave
TR - Let's leave it this way. let's ask the board whether they believe you made the comment I attributed to you. Let's get their input, if any. Dave
TR and Net-Man -
I respect both of your professional trainings and business backgrounds. But I strongly differ with either of you when you say that Sunspotter's posts are not relevant to the factual situation here at FASC.
I believe SP's comments are extremely factual and realistic and in matters of importance are extremely necessary. A CPA training and an Industrial or Engineering Consultant background and training and expertize are important and relevant to our board. But, I would say, so are mine-- a Doctorate in Educational Leadership.
I think you will both find that our Board overall wants to get the input of those who do not agree with you. and it should be much more than just "allowed". It should not be ignored, not should it be diverted by just starting another dialog between the two of you.
We walk a narrow line here. If we try to correct, even constructively, our brother, a delete button can pop up quickly. Maybe I can start a new way of communicating here by stating how wrong I have been so many times over the years. And to also say I am sorry for mistakes in my thinking that may have partly swayed another investor to make a decision that affected him negatively.
I think this is a much better approach than just a statement that says, "Everyone do his own DD, and you are responsible for your own decision". The second statement is true, but it can have a cold truth to it.- Dave
TR - You say you understand the report completely, and especially its application over the last month. There are several here who disagree with you, including myself. It is okay to have an adamant position and belief. Still, when several strongly disagree with you, that needs posting. To me, Sunspotter has stated some of the very real risks, and as one of the Board's moderators, I am glad he is posting them. Your recent post states:
"Market makers up to their old manipulative tricks again today; every time they get a buy order at ask, they drop the ask by .001 afterwards. This is their tried and true method to discourage buyers and encourage sellers."
One could say that the MM's lower the price, because of so few buyers. One could also say that immediately after our bottom fisher fills at .0062 or .0082 the MM's raise the price back up to somewhere in the area of .011.
Again I disagree with you strongly on your interpretation, and so do several others. It is good to have both sides equally voiced, and let the investor or prospective investor decide. To me FASC is a very dangerous stock at present. An investor should know we can get delisted at any time, that TD Ameritrade will not even allow internal transfers of the stock because of its status, and Fidelity will not even allow new buying. This post, and others , should be reposted periodically so that a buyer buys at his own peril. My belief. Dave
There may be nothing new there, but it certainly can be brand new to new viewers of the board. For that reason alone it needs reporting. Also, it likely needs reinforcing-as posts like this are in the minority here--and help to water down their reality when compared with the percentage of positive, dd digging up posts.
Why you will want to continue to add at the ask is up to you. In the long run whether you add at .008 or .011 will make no difference in the price of the stock when it becomes liquid, and reporting.Yet buying at the ask is a 37.5% saving in the above scenario. Dave
Cousinrolf -
I have saved your post and will personally contact the administrator with a complaint if anyone tries to delete it. It may have been posted last year, but that makes it all the more relevant that we are on the brink of extinction at about anytime if the status quo continues. And the clock is ticking.
This ties in well with my previous post, and many from Al. It explains why we are trading just over a penny, and why a 100,000 share sell got filled at .0062 last week.
Bad news and we could be scurrying to get less than .005 with millions of shares to dump and no buyers.It is why one large broker has stopped buying in it for clients, and why TD Ameritrade will not permit internal transfer from one Ameritrade account holder to another with the exception of TOD transfers (transfer On death) requests.
This is exactly the kind of DD that does not get dug up and get posted nearly enough here, and should. A board should let anyone coming here see balanced information like this--regardless of one's personal commitment or involvement with the stock.. I like the way Sunspotter ends his posts. He has a standard quotation that is worth posting again.
Now having said all this, one will notice that this warning could and can all be lifted with compliance. But after 4 years of silence, the one buyer(s)--near the end of this last week-- of any significance paid .0082 and .0062. this
I shall also save this post for a later repeat posting in case some miss it. Dave
Al - I stated I was going to call Brian and talk with him. As yet, I still believe it is not the right time. Here are a few of my personal thoughts.
1. I water down somewhat TR's and Net-Man's comments by my personal relationship in the past with RJ. RJ knows Brian better than the rest of us.
2. My personal opinion of Brian ( which could radically change--and perhaps for the better), is that he is honest. He does not want the shareholders to fail and not participate in FASC's success if we make it.
3. Brian is an old man. He is relying on what was already in process being modified and used. We are not as currently represented out in the field as we should be. Licensee contacts, international travel, financial restraints, all keep us as a skeleton company, barely still functioning at all.
4. All these factors can leave us "out in the cold"--and falling well behind our competition when vibrant management contact is needed.
5. If we "do get off our feet", our first need will be new active qualified management that can get us back into and keep us "in the loop" as far as our technology and its applications are concerned.
6. St. Malo is frustrating. His reports to us are less frequent, and one wonders whether roadblocks have discouraged him. I think he is "still in the ball game" and there can be good sales over several years at least if his model program gets funded and operational.
7. There is enough said on all the other current developments. For a penny, one might be saying. "Would I be buying this stock as I examine all the risks, as well as possible rewards of a financially delinquent, non--reporting, non-communicative company?" Many might say no. I still say yes. But I am willing for my dollars to go down the drain if I am wrong. I still want to "get and keep a life" regardless of which way we go. Fortunately I am well blessed in this area. - Dave
To: Board Members -
As my remaining time draws closer, I have given some directives to my son, John, which,in modified form, are described below. John has recently got into Ihub, but as yet has not made his first post. I am sure you will all be helpful to him, as he tries to help Robin, my blind "adopted daughter" from Seattle.
John -
Recently I added 153,000 FASC shares at .011 to bring my total to 1,580,000 shares currently. My first move will be to remove 500,000 shares for Robin's account--to make it equal with you and Steve. Of the remaining 1,80,000, I will plan to divide them equally under new conditions--with 540,000 going to you and an equal number of shares going to Robin. Each of you now will have 1,040,000 shares --plus half each of any additional shares I may add before my passing.
The new conditions are that you are to help and advise Robin...
1. I will expect you John to assume power of attorney for Robin's account.
2. Become active and familiar with the Ihub FASC Board, especially TR and Net-Man--and follow their advice as to buy and hold.
3. I will expect Robin's shares treated the same as yours with this exception:
A. Robin should have withdrawn and placed in her banking account 1% of the market value of the account at the time of withdrawal--4 times a year. Or 4% total per year. She should be "kept on the bicycle" this way and not allowed to go through the money any faster.
4. When it becomes time to sell or diversify, I think it best to follow the advice of Warren Buffett: "When I die, put 90% of my assets (billions) in an S&P 500 Index Fund". Vanguard is a good one.
I can help you with the mechanics of implementing the contents of this Email.The FASC Board will welcome you and help you get acclimated.
Dad
TR - I doubt that it matters that much what Ihub is reporting. Someone wanted to sell 100K and was willing in sell at the market. Whether Net-Man was the buyer or not (and I assume he likely is) as he has talked about long standing continuous low price offers to buy. Regardless, a buy order was in for 46 or 48K at .0082 yesterday and another in for 100K at .0062 today that got filled.
If John Doe, the new investor, goes in and buys 100K at .0109, he is likely to lose close to half of his investment if he decides to sell the next week. And that assumes he is the only one who wants to sell. If bad news came and a group all wanted to sell, we could easily hit sub .005. This risk is there. and it should not be glossed over.
The potential reward. We know this--but a silent, non-reporting company cannot be offset by a few individuals that dig out DD. This is only important to speculators like myself, who see tremendous risk here, but also perhaps greater potential reward than either you or Net-Man see.
Finally I was recently involved with DRYS--a highly hyped stock. My cost was $3.00 even and I got out at 2.83 with a 17 cent loss just before the bottom fell out. Others were hyping it to go the other way. It hit a low of 1.29 to 1.32 a day or two ago, with a temporary bounce back currently.
My point is that each person needs to make his own decisions about investments. This penny land is a treacherous place. We need to measure our losses, and there can be many here,and be willing to take them.( And also openly admit them in many cases. It is good for the soul). For most of us here are "borderline gamblers"--who dream of whacking out home runs. Sometimes this happens. Look at the Wild Card Kansas City Royals who have won eight post season victories in a row--and are now in the World Series. Dave
Dave
TR _ I don't believe that one second.I believe a shareholder wanted to unload, and a particular bottom fisher bought at .0062. If you truly see this as MM accumulation then you can at best agree to disagree. Dave
Sam - Who is buying at .0062 is not the point. The point is that "where the rubber hits the road" is what matters. Anyone buying here at the ask, and then trying to sell will get back .57 on the dollar based on today's transactions. That is why anyone buying at the ask is rather naive in my opinion. And we are even assuming there are more .0062 buyers. Imagine 6 or 8 of us trying to exit at this point. I could see a .0042 or .0005 price real quick.
As I stated, I was legally a part-time trader in securities back in the 1980's, and had the third largest transaction,volume account with Fidelity at the time. I know a little bit about the market. My advice, as a member of this board, is what is stated in my previous post. "Different strokes for different folks". This board is meant for service to all investors--the more experienced and sophisticated as well as the novice.-Dave
As we continue to post all the "exciting possibilities" on FASC ( of which I do not deny),the fact is that 100,000 shares traded at .0062 this morning. That is NOT market maker manipulation. It is that no one is excited to buy or buy more of the stock, so 100K is picked up at a trash barrel price.Thank goodness the MM brought us back to the current ask of just under .011, but on a token, tiny MM transaction.
The reality is that suppliers, current FASC holders, etc. are not buying this stock. It has a severe risk. And this risk I want every new poster to be aware of--as there is a very valid reason that we are down in the dump area as to what people will pay. There is considerable "talk the talk" here, but very limited "walk the walk"--or sticking one's neck out and buying or buying more. With that said, I remain bullish at these prices, but anyone buying should know that the other side of the coin is there, and the market itself looks at both sides. Both sides ended up with a large .0062 transaction. Dave
It is hard to post when I say I got out totally at 2.83 (17 cent loss per share)--which is mild to those of you who have held and taken a beating. I was fortunate to have followed my instincts, as both the DRYS and ORIG charts looked horrible at that point..
I have been in the position of a big loss holder before. It doesn't feel good. My advice. Take your loss, write it off, and get out. DRYS has tremendously unstable debt problems that will linger for a long time. This week's Bloomberg Business Week has written about the China situation, and it looks very gloomy for Dry Ships business for an indefinite period.
It is hard for each of us, who like to fashion ourselves as wise and sophisticated investors, to face into the fact that we made a big mistake on our call on a stock. Holding onto it shields us from the pain of our failure. Yet it is good to humble oneself and do so.
I was not going to post again, but I just wanted to say I am sorry for your losses. All we can do is pick ourselves up, and keep plugging.- Waitedg
Al - If you live right over the mountain (Mt. Tom). you must know of Williston Academy in Easthampton, Mass. I graduated from there in 1944. Dave
TR - It needs to be pointed out that half of today's volume -5000 shares traded at .0082 and the roughly other half at .0109 which is 36.25% higher. It is the same as one buyer buying at 8.20 and the other at $10.90.
Our shrewd 8.20 buyer who, incidentally has been picking up a goodly amount of shares bit by bit at .0802 with little competition is doing some very smart accumulation. If you are right, his appreciation will be all that much higher. And, if we are wrong, he can still likely get out at a profit, or at least much closer to a break even point.
If I were still a trader-in-securities, I would be giving buying competition at this low level. Apparently there is little buying incentive in our current status quo situation. Dave
Ninety percent of today's volume traded at .0082 or 24,000 of the 27,000 shares. It is not worth more than this to anyone now--and we are heading into tax loss selling season and a treacherous short term market.
I am not buying more of this or any other stock. I fortunately limited myself to just FASC before the bottom started falling out of the market. Mid-October current trends of Dow Jones, NASDAQ and S&P 500 remind me eerily of 1986-87 market. People are starting to take quite a beating. One area looking good are a few of the international, direct- selling companies who have an Amway-style of marketing.
In regard to FASC I am strangely becoming much more bullish--even if the bottom falls out of everything else. I have changed just one thought as I refine my thinking. Rather than advise my sons to hold for four years, I am now advising to hold for two--and not sell initially even if FASC takes off like a rocket. I am also advising them to take advice from TR and Net-Man on this stock--as they have done the most extensive research. I don't mean to talk superficially when I advise "monkey see - monkey do" after the two year hold period is over. - Dave
When I was getting my Doctor of Education Degree in Educational Leadership from Western Michigan University, there was considerable interest in one person who was attempting to do his doctoral dissertation on the topic of love. Finally had to give it up because it could not by put into objective, quantifiable, definably measurable terms under which hypotheses and statistical analysis must be placed to do doctoral level research.
This has always remained a matter of concern to me because I put love right up there on the same level with--and actually "married to"-- truth, which can be put into the above named classifications. A good definition of love was sent me this last week. Thought it might be helpful to FASC readers in the process of considering each person's relationship to their FASC interests.
"Love is more important than anything else.....it is what ties everything completely together." - Col. 3:14
Net-man - And this is exactly the way I read it also. If announcements come before tax loss selling, MM's will have to do quite a bit of scurrying around. They won't get one share of mine--but imagine there are anxious holders ready to exit at a fair price--a very high price-- after the illiquid situation sets in and works against the MMers. Dave
See that the following link has already been posted--so disregard link below, if already read. Dave
http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=9398
If your assumption is correct, TR, then sudden good news would necessitate a lot of short covering plus buying by the MM's. This could only be positive for the thrust of the stock price. Dave
TR - This is the kind of post that makes it somewhat irrelevant whether our price is .0082 or .011 or whatever. If this comes to reality, the price appreciation will be tremendous. And,to me, FASC will become more of a long term hold than a stock to get out of. For this company's growth and FASC's would be "harmoniously congruent"--a new term I just invented.
I still have considerable faith in St. Malo--and a demonstration plant, with governmental financing, support--and bureaucratic roadblocks worked out--as being extremely promising. Although on perhaps just a one order or two order basis, I could see an exciting small, niche business growing as St. Malo initially described.
And Net-Man has talked of a new, "steady revenue" source he believes is in the works--that, if it comes to fruition will give our stock a new stable base of income. Am I starting to sound a bit like you? I think we have a tremendous risk/reward situation down here at a mere penny level. Keep up the faith. Dave
Cpac - Have you told a friend today??
Cpap -
We should learn something from one of our newest posters who just reached his 1,000,000 shares after about 10 years. He stated the entertainment value was worth the investment by itself.We are all spiritual beings as well--some more sensitive and open than others in this area. We are all created with some flaws.
I like you have a strong motivation toward "reality". So the question is - "What is reality". For you it may be a more balanced presentation of postings. For me it is that I had to call the hospice nurse twice tonight because I may be now facing the final few weeks, or possibly days of my life. I see all of us with flaws and weaknesses. And, it is a lot easier to look at our neighbor and how he may correct his flaws or blind spots, rather than look at ourselves.
I marvel at how a few of us have held on. And we have done so, in my opinion, by those who choose mostly to see the good in each other. My son, John, who was General Manager of a Cracker Barrel restaurant and as such was awarded Manager of the Year some years back, has a simple answer to the question of what makes a good manager: "Catch somebody doing something right, and complement them on it."
My family and I now have 2,580,000 shares. And it has been "worth the entertainment" to me also--even if we were to go down the tubes. I can picture TR and Net-Man thinking: "Look at the thousands and thousands of hours we have put into digging out information on this stock. And some of those who sit mostly as armchair philosophers, sit here and criticize us". They don't say so, and both are gentlemen--however, imperfect ones, just as I and you are imperfect.
My faith teaches me that next to loving our Lord, I am instructed to love my neighbor. I do this very imperfectly--and only with His help. Reality? I'm facing into it--and it looks very good to me. I will give you something to ponder. Love without truth is not really love. And truth without love is not really truth. In reality both should be "married to each other" - Dave
Cpac - It wont do any good. TR will not concede your point. I think we have the choice of whether to stick around and accept his position--even though we may disagree with it--or leave. My choice is to stick around. But, I factor in strongly my difference and his on this point. I don't like to get into discourse on semantics--for it usually leads nowhere--except each person wanting to be "one-up" on the other.
I might add, in support of TR, that his strong, unyielding opinion on what may frustrate you and me, is the same side that has helped keep this board afloat for 15 years--at times with attacks so nasty that I, myself, could not have stood up under them. TR did. - Dave
I think if you want to continue to buy a little at the ask that is certainly your prerogative to do so. I think you could place a bid at .009 wait patiently a few days, and you would be saving yourself some money. But--that is your choice.
Another choice is to put a standing order in at the bid or slightly above it (and watch whether it immediately gets topped)-- and face tax loss selling season, and the trend indicators of the two year chart, and likely pick up more shares at .01 or less with a little patience.
The variable, as I see it, is whether Brian is going to make long awaited and hoped for announcements, or whether the silence of the past several years is going to continue through the tax loss season--say approximately December 15th. One might want to shelter his bets in this area by hedging and covering both sides of the possible scenarios.
I would think you and Net-Man, doing the most DD, would be in the best positions to make this call. One of you appears to favor the ask side, the other appears (at least on the surface) to favor the low, bid side. So, I guess we can say, "It ain't over till the fat lady sings". And to this point she doesn't seem to personally be even exercising her vocal cords directly --but only through the posts of three or four of you guys.
I hope, if she does start singing, she has a good voice. I would like to listen to her a long time--or rather have others, who are still here, listen to her charming, unfolding renditions. Dave
I think my point is well confirmed by our present situation - .0082 bid and .011ask with five times as many shares offered as on the 46,000 .0082 bid.
I join Sunspotter and Al in this case on their positions--in that I believe that if the honest assumptions of my previous post are not confirmed by others, then I prefer to stand alone. And if the .0082 is filled, I believe it will quickly be followed by more shares bid at the same or a lower price.Really the demand/supply is very skewed to the downside. NO one wants to buy no matter how much DD TR and Net-Man dig up mainly because there are so very few to read it.
I find nothing critical of this practice, and if I were buying more, I would be in their probably with an .0083 bid. What I am critical of is the explanation of what is happening--especially market maker manipulation. I just don't believe it, and I have been an investor for 50 years, and part-time approved trader in securities for a short period in my earlier life. Dave
Net-Man _ I really don't understand your discretion comment, as another poster also asked you the same question, and you answered quite clearly for him on this board.
I just clearly disagree with your and TR's interpretation--and believe it is better for the board reader to have both opinions and decide for him or herself. I hope you agree with my position on this matter. Dave
TR - The link you entered in your previous post I have been warned not to update and access for security reasons.
You can say "there is nothing but buys going through". And that is technically true, but does not paint a true picture. There are nearly 10 times as many shares offered at the .011 ask than at the current sub penny bid. This means few people want to buy, and those who do are only willing to do so by paying less than a month ago. This is clearly shown on the recent two year chart I put on the board.
Those holding the now 300,000K shares at the ask (whether MM or shareholders)are more likely to capitulate in the next eight weeks, all other factors remaining status quo, then are the few buyers that want to add. Net-Man seems to be saying two different things. He asks whether your current interpretation confirms your interpretation rather than mine. Yet, when asked, why he doesn't pay more than a good sub-penny price, he states he is a good businessman.
I think my interpretation is closer to the truth, and believe readers should read both and decide accordingly. Dave
Net-Man - Let me offer another possible explanation. Yesterday there was about 400,000 + shares available at the ask at .011. Today there is about 100K less or 313,200. Only 40000 at the bid currently of .0096.
You and TR indicate that two 50K transactions took place after hours and thus were MM shares. Today's three trades-- 40K at .013 followed by two 50K orders at .011.
Might not those 313,000 shares offered be largely MM's trying to obtain shares to cover their short positions? There are a few buyers like Sam, and me and Daemon, but largely no one wants to buy other than at the price you are willing to pay, Net-Man. Therefore, to cover their short positions they must go in at a higher price.001 and .013.
Makes sense to me. Is there anyway we, as investors, have information on the monthly short positions of MM in FASC? Dave
Sam - The number one problem in Reno is "dysfunctionalism". See, I listened to you!! After five minutes of your work I would either have a nervous breakdown, or purchase a bunch of tranquilizers.
It is good for all of us "to be heard". You have put a great deal into FASC, and have hung on faithfully. I hope your long steady hanging on pays off.
October and November into early December are not good for stocks like FASC. I think we are heading down into sub penny land, and am prepared for this event. Yet, if and when we "take off", I will not be selling many shares unless the stock goes crazy and moves into a severe oversold condition.
I would like to know how many shares Net-Man has picked up in this calender year, only because I hope and believe he will be getting that new plane of his.
FASC now is just a hobby with me to help me pass time in my final days. It becomes less important as final arrangements, good-byes and telling people and family that I love them occupies my time.
I have always loved investing, but if I had had to make a living at it, I would have been out selling pencils on the street corner. I still hope and believe this investment will be very successful. Dave
Sam -
You sound like you could use a double tequila, a little relaxin', and and a rejuvenation of your patience mode.
I know I said I was going to call Brian. Still don't think I have the framework for the right questions. My basic question is going to be in trying to form an opinion in my own mind as to whether he feels we are going to make it, and FASC become a reporting company. I am also preparing myself for being a complete gentleman. I want to speak only with kindness no matter what direction the responses I receive affect me. Dave
Charlie - You may be about the only FASC poster on Yahoo Financials--but I am an "FASC Onlooker". I saw the first Penny Stock Weekly listing and followed it up. It is all scam. These folks post the same post on many different stocks on many penny stock boards to get you to turn to them. They are nothing but bad news. Stay clear and disregard Penny Stock Weekly - Dave
Thought it might be interesting to post a weekly two year chart on FASC. My making it weekly rather than daily it is more readable due to low volume. Dave
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fasc&time=9&startdate=1%2F4%2F1999&enddate=10%2F3%2F2014&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8&x=21&y=15
TR - You and I both want the stock to go up. Even two million shares at the current price is little more than $22,000--and when spread over several days this is not much activity or dollar commitment
If I had 2 million shares I wanted to unload, I am sure I would not enter a sell order for that quantity and have it show up in the statistics. I would try and sell in small quantities to keep the share price more stable. So--who knows how many more shares may be in back of the 400,000 plus offered at the ask at .011.
There comes a time to "just let go"--and let the marbles play out as they will. If we were to go to .006 or .008 based just on market technicals--and no fundamental change otherwise, I would still hold.
This stock is either going to make a lot of money (only a few including me still believe) or go down the tube. I still think RJ is taking his wife on a beautiful vacation--and ends up with a much nicer retirement than he has maybe thought possible in some recent times. Dave