Easton Pharmaceuticals, Inc. (EAPH)

[eelfland]

This typical two-day rally got its back broke yesterday, as I pointed out yesterday. Now the EAPH insiders will go back to "work" filling the bids with dilutive stock until we see more new lows. They have a LOT more new shares that they haven't added to the float yet. 1.67 billion is a lot of days' volume. This downtrend will probably last for the rest of the year, because EAPH has a lot of "work" to do, and that's how long the project is scheduled to take. Keep an eye out for the paint. When you see that, you can be sure that they're busy distributing those new shares and trying to prop up the PPS at the same time, keeping the chart from looking any worse than it has to while they're raking in that cash. I think the chart's still going to get pretty damn ugly, as if it isn't already.

http://stockcharts.com/h-sc/ui?s=EAPH&p=D&yr=0&mn=0&dy=10&id=p19824991380