Something is very wrong here. The things which are happening (more specifically, not happening) are highly suspect.
Just to clarify something real quick, anyone who has ever read any of my post will know that I am not someone to cry conspiracy
I believe that most of the talk and screaming about manipulation is idle frustration, and while I have no doubt that on many occasions MM's do manipulate a stock. I do not believe that it is as often as people scream about it. So I guess you could say that I am somewhere between paranoid, naive, and realistic.
Having said that, just what is going on here? Generally speaking it would be rather easy to start pointing fingers at, and questioning the company. It would almost be a natural assumption that they were trying to hide something. But NOT in this case. I have only spoken with Mr. Megas twice, and both times were over a year ago. However Art and a couple of others have been kind enough to keep us constantly aware of communications with Mr. Megas. To date he (Megas) has always worked toward and ultimately accomplished the things he said he would. So as far as I am concerned unless something was to happen drastically otherwise, he has more than proven his credibility and earned my respect for what he says.
That only leaves a few links in the chain. The transfer agent, well at least in theory, on our side. The MM, same thing. Now we get into different government agencies who in theory are supposed to have our best interest in mind. I would not give you a cup of rotten coffee for that remark. I have felt for years that the market and those who control it, both civil and govt. are as corrupt as one can imagine, in fact they may set the standards for the most corrupt of the corrupt. We can only hope to tag along behind and catch some of what they spill.
Bad case scenario, lets say they are short in excess of 600,000,000 shares. Don't know about today but in 99 or 2000 that sort of a squeeze could have pushed the right stock to double digits, even from where it was. What is 600,000,000 times let’s say $10.00? OK use $5.00 not an unrealistic number for a short period of time in a real short squeeze. Somewhere some smuck is sitting in their office saying there is no way in hell I will allow some )(*(^)(*&^*%%^ to turn $1,000.00 into 5 or 10 million dollars, and damned sure not at my expense, just not gonna let it happen. And I think that is where we sit.
Mr. Megas and company did do their footwork and in fact had intended for this to start trading several weeks ago. Everything MUST have been fine as NAS did in fact allow it to start trading. Suddenly someone realizes that the cusip number is wrong? OK I can go along with that, mistakes do happen, even honest ones. However given the fact that everything WAS ok, then how long does it really take them to get this turned around. I could go along with three or four days, but after that something is wrong.
Same old bureaucratic irresponsible BS. Not my fault, not my job, the computer says, ect ect. I say BS there is a giant elephant sitting in either the SEC or NAS living room. And they do not want to address it. At this point I am well out of patience and fed up. Not with the company I already said how I feel about them. But rather with some regulatory agency. I am not quite sure what to do here, but there do need to be some level of accountability. Before they find a way to bury this mess.
And sadly but understandably, many people will want to bail as quickly as they can pull out there investment or even a bit of profit. When in fact this should be the homerun of a life time.
Has anyone here been able to get any answers or info from either NAS or SEC? Without screaming fire in a full theater, I do think it is time for some serious pressure on these agencies to determine just where and why the holdup.
Any Thoughts
Have Fun,
