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Re: None

Friday, 06/09/2006 6:01:21 PM

Friday, June 09, 2006 6:01:21 PM

Post# of 56797
What puzzles me is that all of a sudden so much volume came into play this week after so many years of existence. The co. did not do any reverse split for the last 8 years which means that the co. is not depending on selling shares to run the company. This is alo proved by the fact that the average trading volume is too low for this company even when this stock was below 0.001 level. My guess is that one of these two is happening (btw, I am not a pumper and I have only a small position just in case):
1) The company is going to release something good that MM's already came to know about, so they are front loading
or
2) The company is in need of cash now urgently, so they had to sell shares now even though the share price is at this low levels. If this is the case, hopefully they need the cash for something good (launch the auto website etc. that they announced october last year). In this case, we should hear something within next month. If the share price stays in this area for more than a month with this volume, then I have to say that this stock will never take off. All IMHO




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