Traders of the Caribbean

[Stock Lobster]

I look forward to hearing about the details of MJ's possible acquisitions, as well as the sale of the plasma TVs. Currently, the picture for AUGC looks better than it has in a long time. That is encourating. I think it looks better than a number of other .0001s, which bodes well for current longs.

However, the more I watch this game, the more I see that it seems to be far easier for a .005 stock to rise above .05, than for a .0001 to make it through that .001 barrier. A .0012 stock like ETIM can have a two week run which takes it above .008, as we recently saw. No doubt this has something to do with smaller share count, and the reduced risk of being out of the triple zero range.

OS is everything, imo. When it comes right down to it, you can't fight the float.

Of course you can buy fewer shares for .005 with your money, but it's not the number of shares you own that matters...it's the percentage gains. If you buy ten shares of Google at $100, and it goes to $500, it's still a 500% increase...and in a safer stock that will hold it's gains unlike many of the pennies.

I don't happen to think MJ is diluting AUGC to buy a yacht. I think the dilution is to fund the acquisitions and keep the lights on (at least I hope so!)

But if he does issues shares up to the new increased AS, a reverse split is practically guaranteed at some point. I know he has PRed a lofty plan about reaching a higher exchange, but he isn't going anywhere near the AMEX with 20bn shares.

Still, there may very well be a 100%-300% gain ahead for people who are patient, provided that the .0003 wall is no longer there as an obstacle.

I would love to see AUGC have a monster run, and I hope for the sake of all current longs it does, and I am proven massively wrong. Hell, I've been wrong before, I'm sure I'll be plenty wrong again in the future. This is the penny world, and on some days the news is so strange, it seems just about anything is possible.