"The one thing I can almost promise you is that no institution will invest in a stock at this level with these losses. Its not going to happen and usually they do not invest in stocks under three or four bucks. The key, and you agree, is funding, quickly, IMO."
-Scarednomore
I agree, which made me wonder why Griffin, an experienced penny stock executive/stock promoter, would make such a comment in a PR. Surely he knows institutions won't touch such an investment.
Assumming the above to be true leads me to believe that his comments were not meant for institutinal investors at all, but for ordinary, everyday investors like you and I. Why? Projecting the image of "institutinal investors" always adds an element of security to one's investment- Penny Stock Marketing 101, hypster trick No. 9. How many times have we read hypsters blatantly post claims of institutional buys that just aren't true?
And while Griffin is urgently promoting CDEX to raise capital quickly, why not double the five year projected earnings from 100 million to 200 million? What the heck. How can that be justified? Twice the "anticipated sales" of their suite of products of course.
IMO, we're beggining to see how Griffin operates a penny stock promotional scheme.
Pass the popcorn, the show is just starting.
