ABWN: Death Crush to Zero - Day 232
R/S count: 1
Split adjusted share price: .0000000033
Welcome once again for another edition of Death Crush to Zero!
Spring is in the air finally, and none too soon! It has been a rough one for many of you out there, without a doubt! But the crushing, squeezing, and shearing of the sheep continues. You can almoost hear the Zzzzt Zzzzt of the clippers as the lambs are shorn of their winter coats of cash !
It is almost incredible how long the volume tail has been extending now, and how often a new shepherd comes around, with another group, and the Zzzzt Zzzzt of the clippers, a little bleating from the freshly shorn, wobbly legged lambs (they will be ok, mostly), and off they go. You have to wonder if anyone is selling their shares, or are the dumpers stepping ahead of them?
However, the volume is beginning to show signs of decline, but even now, $1000-$2000 of share sales in a given day many days is still a cash cow for the dumpers. It will be interesting to see if they will come up with another SEC filing this quarter. Doing all the accounting and preparing the statements isn't cheap, on the order of tens, even hundreds of thousands of dollars a year paid to the bookies!
Now more than ever, there is a grapevine of communication that exists beyond iHub, or any other stock message board, with Twitter being used to help tease out ever more cash from the investing/gambling/naive public. There is a lot of money out there, and as long as the economy is doing well, there will be discretionary money people use for gambling away. Some of that money unfortunately finds its way into a Black Hole like this, and just feeds the dumpers.
So whats next? It wouldn't surprise us here at Highway to Zero Publications to see the current situation continue for a while, as long as the sheep shearing clippers are in good working condition. The company had a sexy but flawed concept, which was abandoned, by their own admission. Anything new will likely require more cash, and most likely with another R/S.
Thats about it for now. Hope, and cash by extension, springs eternal, much to the dumpers delight. After all, they thrive on it.
Stay tuned for our next report!
Death Crush to Zero - a Highway to Zero publication (c) 2019. All rights reserved.
