Why would the bottom flippers care
Lets see. On a daily basis there is no significant volume or large number of trades.
The various Boards and history tells investors that there is a high probability of a reverse split.
The last reverse split did nothing to support the stock or create any inherent value.
There still are no revenues.
There is a lack of credibility with respect to management.
There is a gagged transfer agent so, with the exception of speculation, you don't know how many shares are outstanding.
None of the Company's partnerships or theoretical press releases about different "contracts" have yielded one dollar in revenues.
The Company is controlled by the Chairman whose 2005 employment contract is only exceeded in the arrogance of giving himself the equivalent of Two Billion Four Hundred Million Common Shares which, are not affected by a reverse split.
So, who are you going to flip this to? The toxic lenders have enough stock when they convert their debt and they have to find their own buyers.
Mr. Samblis has been quiet with respect to PR because either he does not have any or, he has been told to stay silent until the SEC review of Mr. Messineo, the former CFO of IC Places is complete.(The SEC review was reported in the Wall Street Journal).
So, who out there is going to buy this and, if they buy it to flip, how much can you make? If you bought say 2,000,000 shares for all of two hundred dollars (2,000,000 @ .0001). Try to sell them without affecting the price. With the exception of the rare day when 100,000,000 shares are traded, where is the volume to absorb these shares?
Even the Boards have few people who have a decent thing to say about the Company, its management or its prospects.
No need to rush and think you are going to miss anything. Even the facebook page is quiet.
Who knows, maybe they are hiding some inherent value on the balance sheet that has yet to be discovered, but I tend to doubt it.
