I am out... Not sure if it was true or not but seems dilution was a big factor today. Everyone promised the CEO would not move those 1.5 billion shares. They even showed signed letters of her promising this. From todays action and other DD, it seems she moved 10 mil plus shares of that 1.5 billion she promised not to move.
The only reason I liked this stock, was because the CEO seemed honest, which does not happen with sub penny stocks. There is a reason they are sub penny.
The scary thing is that after the stock literally crashes, she releases a press release about China. I sense they are not honest.
I bought in extremely cheap, made $100 and I am out. I could of made more but did not see this happening today. Be very careful with this stock.
I do expect it to rise, the bigger the audience on a stock, the better. I only say this if you are long and want your money back. If you bought in today, you are ok. But be ready to drop it fast. There is no penny land when a CEO holds 1.5 billion shares.
