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Re: Pennywiserr post# 16689

Wednesday, 10/14/2015 12:40:16 PM

Wednesday, October 14, 2015 12:40:16 PM

Post# of 50725
Penny, if you own shares - I think maybe you do - and you truly feel this way, wouldn't it be wise for you to sell before you lose more money?

I disagree, of course, I don't think the shareholders have been "shafted." And I think the great majority of shareholders also disagree - I see that in this low volume price action.

I don't see how it helps you to join ranks with those who probably do not own shares and want to see the price drop - by making negative opinion statements with no factual information other than the price action on low volume.

The pps has held up well under pressure in the OTC where flippers want to see pps movement up or down on a daily basis. This shows that there are many long investors. The gradual drop over time without "news" is to be expected with penny stocks. Many of those looking for quick pops within days to flip will drop out and move on... buying high and selling low... causing a slow drop in pps.

IMO, you should trust your own DD only, and make a decision to hold or sell. Expect some gradual drop in the share price over time with no news. If there are no material negative developments (maintenance DD), then I don't know why you wouldn't trust your original DD and decision to buy.

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