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Re: BluSkies post# 13120

Thursday, 02/05/2015 11:13:23 AM

Thursday, February 05, 2015 11:13:23 AM

Post# of 106839
"Needs to hold .012 if not this could fall back into sub penny-IMO"

I agree, and Bid just dropped again now to .0116. Not looking too good in here.

My 2 cents- it's just the massive, massive dilution machine. About 300 MILLION shares in just the past approx. 1 yr.

And a lot of that pure dilution went to the "notorious" (not nice guys from all I've read and researched) of Asher and Magna. Like the two most notorious price-crushers (I call um)- two most brutal penny lender hedge firms on the street probably. Just brutal to common share prices via their "financing products" lent out to cash poor nano/micro cap penny stock companies.

That's all it is IMO. All I know is what I've read and researched by Googling convertible debt, Asher, Magna and reading I-HUB forums where those firm's names come up- and I've yet to ready a good story or ending about them yet.

Sometimes the force, the down pressure of that dilution and use of what even the SEC calls "toxic debt" or "death spiral" financing is just too great to overcome- it would take tremendous buying up pressure IMO.

http://www.sec.gov/answers/convertibles.htm

Look at yesterday- ole MM (market maker) BMAK was back, sitting parked on the Ask with a perfect 10K shares (About $150 bucks worth or less, just sitting on the Ask, "capping it" in effect). Always 10K shares for BMAK. BMAK is highly rumored via net research to be one of the key MMs that Magna and often Asher use. That's what my research found- when I looked um up.

That's all I think it is- just massive dilution. I'm guessing by this next 10-K, they've well passed 700 million fully diluted shares O/S. Maybe even a lot more possibly. That's what I think.