jameson......
how do you justify that this as a ridiculously low pps for new longs to get into???
if you are even anywhere close to an intermediate investor you know that a low pps doesnt mean nothing without knowing and multiplying it by its outstanding share...........the same outstanding shares that were diluted from 10 million shares to 118 million shares,,,,,,and its not over with that dilution yet.....
any investor with half a brain looks at the MARKET CAP to compare to other companies in the same BOAT......
So please tell me hoe 70 mil is ridiculously low for a company that will have more dilution until iron ridge goes away as well as other creditors....not to mention that the boardmembers pay themselves with shares as well...its like an open cash draw.....but every time they pull out shares at these bottom prices, this companies is bleeding to death in the form of dilution and killing its current shareholders.........only those that got in this stock the last 3 or 4 trading days for a TRADE feel good about a good swing in the roll of the dice.
can this stock open higher with short covering??? is that really going to happen?? is it a rumor by longs or are there really 100's of million shares that are nake short.........someone please add a link to prove those claims....I dont see it.....Someone show solid proof of what the real short % really is......and even if it was over 100% which i havent seen proof of,,,,,, if this stock went bankrupt and traded at .001...it would still trade worthless as market makers allowed the shorts to slowly cover their position in the span of months..........i see idiots actually buy bankrupt companies for .001 cents because they think thats a ridiculous low PPS....even though the company has shut its doors and the symbol just trades as a bulletin board/over the counter/pink sheets, stock ,months before its thrown out...
one other HUGE concern.........if or when newl is thrown out of nasdaq....and becomes a bb stock.......... then they wont have to report as thurough as they are required to by nasdaq rules......so you will be investing on blind faith on that point.
sounds exxagerated to me....... although it did pop on high volume to 4 dollars making it about a 70 or 80 million market cap back then...we are alredy at a 70 million market cap right now because of the continued dilution since then.....if shorts could wait it out and cover at 10 cents,,they should .
if there is a FORCED covering of naked shorts, and thats a HUGE IF....then we could have a continued run like what we saw right before the Halt.REGARDLESS of Market cap because forced to cover means FORCED TO BUY BACK, regardless of fundamentals.......These shorts if they exist will be gladly met with SELL orders by me anywhere near 80 or 85 cents...as i am disgusted in this dilution......
So many knuckleheads we debating if another reverse split of 10 to 1 might happen when its already done so much worsein dilution 10m o.s. x over 10..118mil o.s. today....
I give this a 30% chance of it continuing higher as shorts just cover to move onto some other company.....
you could have bought netflix 10 years ago at 10 dollars.when that was just a 100 million dollar company..and watch it grow to 440 pps..........now thats real investing............
Peter LYNCH should be everyones guru/teacher
good luck.......especially to me.
