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Tuesday, October 28, 2014 11:05:47 AM
Spread was just back to beyond Grand Canyon wide with bid at .0185 and ask at .0205. Wow. 10% or more?
Volume dropped way off from yesterday already. Looks like maybe PR party is over at this point? Never even made it back to hold the 50 DMA, let alone the higher 200 DMA which is now at .026. So it's still in a very weak, technical downtrend at this point, and now sitting back under the ole 2 cent marker.
PR after PR, now "funding" can't even seem to budge the needle much anymore? All that good news, but there appears to be just too much dilution, use of convertible debt and cheap share overhang to overcome with buyers IMO.
Dilution really has consequences in the long run IMO (they doubled their O/S shares in just the past 1 yr alone, over 200 million shares issued out)- Now needing to overcome 10's and 10's of low priced shares handed out will take a tremendous amount of buying pressure to overcome the way I see it. It's been seen so many times IMO, in companies who use convertible debt and also hand out shares by the truck load full and dilute, dilute, dilute.
Looks like it might already be slowing way down here- gonna maybe start to get some flat-lining, just sitting parked again w/ little or no trades posting perhaps.
How exactly is this gonna reach the "price targets" being given which range from an immediate .40 cents to $1 (it's under 2 cents as of this moment, so just .40 cents to $1 would require a 20 fold to 50 fold price increase?) to then $5 to yes $TEN dollars a share? Can't figure that out to save my life? How would that actually "work"? How?
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