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Re: None

Tuesday, 06/03/2014 11:15:43 AM

Tuesday, June 03, 2014 11:15:43 AM

Post# of 106834
Volume is GONE. It's totally "flat-lined" out. It did about $5K total yesterday in dollar's traded.

It's over an hour, almost 1.5 hours into the trading day now, and it's sitting, "parked" at 14,600 shares. That's about 14,600 X .0240 = $350.00 BIG ONES. Someone must be trying to buy maybe $500 worth, and won't raise their bid.

Price reached .08 on about March 3rd, 2014 or so, on over 10 million shares in volume, to .0235 and below .02 recently, which is about a 70% loss in value, in about a 3 month period. Stock is down about 99.60% on a "max" chart, going back to the IPO period around 2008. Since this CEO took over on about June 23rd, 2010 (PR released), the stock was about .45 cents then (June 10th, 2010 it was .50 cents) and is down about 95% since that date.

When the shares go essentially ill-liquid like this, any "financing", even the "convertible debt" type is gonna get harder and harder typically (terms will be worse most likely). Those "finance houses" want to know they can unload their shares when needed. When there's no dollar volume, that makes it tough, as any sell order of "size" is gonna rapidly cause the price to collapse.

Looks like it's gonna sit in the 2 cent range now, right near the 200 DMA, unless another major seller puts an order up anytime soon. Then, it might, IMO see that 1.5 cent or even 1 cent range that it saw, as recent as end of 2013, early 2014. Market cap is back at right around $11 million, dipping to $10 million and even a little lower on some of the recent, higher volume selling days.

Lots of "PR" and "presentations" and "talks" and what not, but no real share buying it appears. And no "big financing" deals or notable "progress" on any major phase II/III trials that I'm aware of.