Monday, August 04, 2014 10:29:50 AM
See the pattern here? The longer it goes on, the riskier it gets - 2 steps down, one step up, another two down, then one up, gradually heading toward oblivion, secondary to unbridled dilution, imo. Look at the chart for goodness sake, and more importantly, look at the filings. It's all right there - CEO intends to finance operations with equity financing - DILUTION - up to $5,000,000.00 worth!
I'll give Wayne this - he's not stupid. I guarantee he's not getting poor with the rest of the APPZ shareholders.
When it's down at .0001 (barring SEC halting this thing before then), it will be a 100% play for awhile, flipping between .0001 and .0002, until there is no bid at all and ask is .0001. Or, worse, CEO does a reverse split with shareholders potentially standing to lose even more, multiples more. Whatever the case, everyone loses except him and his folks, as has been the history here, judging from the chart and filings. He can just print himself another few hundred million shares, as he did a few weeks ago, while the common shareholder loses her shirt. Geez!
All the above is just my non-professional and humble opinion as always, ss
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