Well, until we get an earth shattering PR, this stock will keep plummeting... and you know what? I don't give a sh**... Let it go down, we know what its worth, load up more when it goes down...
In my opinion, shorting is not the reason, it is impatient flippers that get into the stock at .007, and see they can't flip so they cut their losses and sell at .005 with the huge damn gap... then someone else comes along and buys and flips... this process repeats itself and it has been for a long LONG time now... this stock is going to head to the .0001's if we don't get a solid PR... and I wouldn't have it any other way... just because your ticker says .0001 doesn't mean its worth that... the only shares people will buy are the ones that have gone from one flipper to the other for losses... yeah, they're cheap shares and I don't know how many of them are left but so what... grab them before someone else does...
But yea, by all means those of you who think it is shorting, get the certificates to eliminate that as a reason... I don't think it is dilution either... I simply think it is going down because flippers are too impatient and they're selling for a loss... I implore more flippers to join us and sell their shares at a loss... each share that is sold at a loss and picked up, is basically a share to us at a cheaper price... they're losing money for our advantage... If someone pays 10000 for a car, and sells it to you for 8000, you're not going to suddenly assume the car is only worth 8000 are you?
Anyhow, the company isn't profitable yet, and so it is tough to put a price on the true market cap.
But anyhow, I am not averaging down... reason is, plain and simple, this will go down further and further till news... if news is expected on August 3rd, well I expect it to go down atleast till the 26th... Then it matters on how many people believe in EQBM and want to try and cash in on the August 3rd date for a bottom play, and then it'll start going up... So thats why I'm not averaging down yet, because I don't see anything to change its course down hill in the short term.
I hope the August 3rd news is BIG, that way we will not be revisiting these levels again.
BDRR - Life changer in the making.
