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Monday, November 20, 2006 9:42:19 PM
Also, it is entirely possible the company has been pumping up the stock in order to acquire other companies. We could be complete morons for owning this stock. But, I intend to stay the course no matter what because I just have a feeling this company is for real.
Another possibility, is the people who were granted the restricted shares have been shorting the stock. The reason is this:
When restricted shares are issued, the person receiving the restricted shares shorts the common shares cause he knows the restricted shares will be converted to common shares which will dilute the float and cause the shares to fall in price. Then that person has the option of covering the short with the converted shares, or he can choose to dump the converted shares on the open market further driving down the price where he can then buy back the shares he shorted at a super discount which allows him a huge profit at almost no risk. I don't know if that is happening here, but it does happen all the time with stocks like this.
Good luck..
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