Aly Energy Services, Inc (ALYED)

[Midwestrader]

Yep,have yet to EVER see a RS that didn't take long time shareholders and throw them under the bus so management and directors can make out like bandits.

An RS is done for two reasons,get a low share count to sucker in the GULLIBLE and then after they've bought start DILUTING the hell out of it all the way back up to the max AS. For a penny stock 13.8M shares is very small,most penny stocks have BILLIONS of shares--so why RS this one?? Oh wait.....

Usually preferred stock is tied to this dilution and those lucky enough to get those shares get to convert them at a later date and make out like a bandit. If the current pps holds this stock will be $7.60 at the opening bell tomorrow. See how long that lofty price holds.