Dmerc,
I usually provide links to all my DD so that one can follow along but too tired tonight to go back thru my posts
If you have been following along you would have seen that a new rule came out that basically says the convertible note holders cannot cash in the notes for shares IF the share price drops below .01
The Note holders for this company were cashing in at a 40% discount so the lower the price, the more shares they received at conversion...
They diluted this down to just above a penny so that they could convert the notes for .006 per share
they kept this above .01 for over a month while converting notes (propping the share price)
IMHO, they have now converted all the notes to shares and are free to start dumping again as you have seen for the last few days.
This does not mean that all convertible notes have been converted because I believe new notes have been sold since the last filing with a time restriction.
Theoretical physics can prove an elephant can hang from a cliff with its tail tied to a daisy, but use your eyes -- your common sense ----
please DD before you buy or sell
Jimstr
