Thursday, March 31, 2016 5:07:51 PM
The typical pinkie CEO must reach out to companies that give money to them as a lifeline for large blocks of shares. Those shares dilute the structure and then many of these either crash and burn or R/S over and over.
I could buy 10 different pinkys in a year and know I'd make a profit even if 9 tanked. Now it's impossible unless I live at my computer and wait for the right moment to dump. A lot of us are not day traders and never will be.
What kills me most is that the company couldn't even have the decency to PR this at least. Tell us it's happening, what they plan to do going forward and regain our trust. Nope. These crooks just R/S'd. Anybody who comes here lying about this stock's potential better stop. It just comes off as another flipper wanting more bagholders to sell to.
So anyway, I tried emailing these clowns. No response of course. I did file a complaint with the SEC. Doubt it comes of anything but if this move gets them scrutiny and moved to the gray sheets, awesome. By the time I get my new lower amount of shares, this thing will be back in the sup pennies and I won't make crap anyway.
So lesson here is I will just invest my money in new business ventures (privately owned ones). I know I'll see better returns than this nonsense.
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