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Monday, June 19, 2006 4:45:48 PM
It will be quite volatile until a base can be built...
the O/S and float are low for a stock this price, and as shares get gobbled up for longs, the action will be pushing the price up. You can only get so many shares in each price range as it rises. That is why it is all over the place.
Unlike other pink sheet stocks, there is actually a reason to buy and hold here. I am playing this for the reverse merger, and after speaking with Linda Perry I got a very good impression that she was back to clean up the mess that was created by the former board members who were removed per the last 8K. All this is mentioned in the last 8K/A as well, including their plans to file the overdue 10K. IMO, lots to look forward to here, and I think it is people loading up in anticipation of this.
the O/S and float are low for a stock this price, and as shares get gobbled up for longs, the action will be pushing the price up. You can only get so many shares in each price range as it rises. That is why it is all over the place.
Unlike other pink sheet stocks, there is actually a reason to buy and hold here. I am playing this for the reverse merger, and after speaking with Linda Perry I got a very good impression that she was back to clean up the mess that was created by the former board members who were removed per the last 8K. All this is mentioned in the last 8K/A as well, including their plans to file the overdue 10K. IMO, lots to look forward to here, and I think it is people loading up in anticipation of this.
My post is only my opinion, I recommend you always do your own DD! I am not a licensed broker or a professional by any means, so take what I say as entertainment value at best.
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