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Monday, April 21, 2014 11:07:54 AM
Dilution, on a penny stock, IMO will always crush the price further than it's already been crushed. It doesn't = some big "deals" or "partnerships" or whatever IMO.
It = share dumping to come. More selling, diluting to "finance" and pay key people, and give out 10's of millions of warrants (50 million warrants, "in the money" just recently), do more "floorless convertible" vulture/toxic "financing" and so forth.
That's all I see IMHO. I don't know what upping the outstanding shares to 2 BILLION on a 3 cents (well now sub 3 cent) stock would mean, in terms of "good news"? Just don't "see it"- no connection whatsoever IMHO? Only means more selling/dumping of shares to come IMO.
IF, it was a "great" or "good" thing- IMO, there'd be PR being blasted about it on every available outlet they could use. Instead a "proxy", SEC form is filed after close of market on Thursday before the markets are closed for 3 days. That's all. Nothing more happened IMO.
One cent, at least 2 cents (which 2 is not far off at all now at this pace) is the typical, real price where this "settles" normally IMO. Thus, I'd not be surprised in the slightest to see 2 cents, and even 1 cent as a strong possibility IMO.
Do one's own due diligence, buy, sell, hold as one sees fit. My opinions are my own, mine only.
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