Chassman dumped over or at $0.03 today and in the past days. She is not dumping below this level. The drop at the end of the day was stupid retail money hoping to close the stock weak and get in cheaper tomorrow. Also some major short covering taking place today. Those of us who have been around this stock for a while know what a great buying opportunity this is. We were able to buy millions of shares just over a penny, while people kept saying, why would she sell at these levels. Truth is, when you own hundreds of millions of shares, you cant just sell them at the top. There will not me enough buy interst to sustain a PPS at those levels. You will end up tanking the price and end up down here within a few days anyway. This is her only way to unload this kind of volume. We all know we got a 10 bageer the last time she was done. She will soon end again, and we will move up again. This could be tomorrow, or next week, or the week after that. We don't know, but I would not want to be out of this stock, when they anounce the loan PR, and the conversion is done, and they issue their first 10Q with revenues and cash flows.
MM's have shorted this al the way down, now they are covering with Chassman shares. The pain will be over soon. As for me, I visited my banker today, and set up another LOC. I will step in probably tomorrow and add a few million shares to my position. I am already soacked, and do not fear the rain or the pain.
Just some thoughts
later
BigD
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