Tuesday, August 19, 2014 10:19:11 AM
No idea what you mean with the 7 million. I said if the new A/S is maxed out completely, the market cap for the whole company would be 2 million at these price today which is nothing.
Regarding your other point. I totally agree. That was a really idiotic move from the company. There is no doubt about that. And I certainly realize why longs are mad here. I'm not mad since I made good money on this stock trading. Like I said, if people don't take massive profits when a stock like this goes from 002 to almost 02 in a relatively short period of time, then it's their fault. Heck it's a pink sheet stock with a questionable history. So what did people hold for? 10 cents?
Even on the RS news there was a very nice trading chance and I posted it here. At 0018 to 0016 was a huge buy, the stock was at 0035 an hour or two later. That's a double.
There also was a very nice trading chance I used when it was selling off to 006 after one of their Q filings a few months ago. Another double.
I'm not posting this to pat myself on the back, I'm posting this to get my point across. People need to stop playing these stocks like investments and at least trade a big part of their holdings. Not keeping 7 million shares and watching how they become worthless and then be pissed.
All prices above are meant pre split.
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