Embarr Downs, Inc. (EMBR)

[tchalla]

honestly, i don't know. i was initially curious here, because of the share structure and rumors of a r/m which the company pr'd 4 months ago. also, the sudden volume surge and extreme volume here today, made it even more interesting. the thing that made me pause, however, was the extreme volume which was 75% of the authorized, didn't move the stock nearly as much as it should have, if the share structure is around 100 mil. i thought it should have moved at least 200% if not more. it didn't even end up 100%. so, questions of unregistered shares hitting the market started crossing my mind. i still think that could be the culprit. now, the other possiblity could also be churning, because the pps never fell back below .0017. and every time the bid hit .0017, big bids would appear and drive the pps back to .002 and sometimes above .002. so, most of the volume today ended up being absorbed at an average of .0018-.0019, which means that the dollar value of purchases today was about $140k. i can't imagine anybody buying at .0018-.002 average expects to sell at a loss. so, if say, 60 mil of that volume is being held at those levels and say that the os is around 100 mil, well, the float is being eaten up which should increase the buying pressure and cause the pps to rise. but, in pinkyland, what "appears" reasonable to expect, often does not materialize. with that said, i wish all of you good luck here and hope that somehow, good news is around the corner. i have just decided not to hold my breath for it. that's my take.