Not at all. I'm not insinuating that at all. What I'm pointing out is that before last November, this stock was boring/boarding on dead, BUT the stock price was stable, the volume down and absolutely no chatter or 'rah rah' here on this forum or any other forum.
There were no traders saying "Naz soon!" "Dollarland here we come!" "Oh, look at the latex!" "Rotmans rock!"
Insiders at and before that time were buying which was great.
And then, some really weird deals with shady loans which in turn started the expected conversions (Not exected by me but for sure anticipated by insiders)
Now, the conversions/dilution were/are an absolute GIFT to those investors who spend a lot of time watching boring companies all of a sudden have a huge increase in stock volume and price drop on no NEWS. This was when the conversions started that no common shareholder could know, only suspect. I remember well last year when two days in a row, 500,000 shares traded on no news... and from there, it was off to the races. I thought something bad was coming. Somebody knew something. I was right. The stock price. My investment...tanked so others could enrich themselves at my expense.
This is why savvy investors started buying. It was a good deal. No problem with that. They were brave with their coin and it paid off.
Management however...Getting shares at .0007 in March when it was they that caused the entire situation to unfold in the first place? And now a lawsuit with the very entity whose actions helped drive the stock price down thus letting people load up on what now is a company with a huge number of shares floating around? Hah!
When I first started investing in this company, the company was proud to have about 20 million shares out there...and what is it today 600 million? More? More coming? For sure a reverse split is coming... Not today. Not tomorrow. But it IS coming for sure.
No. I'm greedy just as everyone invested here is. However. Along with all the 'good' news such as insiders buying, air filters, condoms, blah, blah, blah... a bit of honest reality must be pointed out also.
The reality is, this company has always had great potential as it definitely has a great product/products, but its management, shareholders are definitely NOT saints...rather, greedy ambitious people. I know that's what I am.
AI
