InvestorsHub Logo
Followers 9
Posts 5679
Boards Moderated 0
Alias Born 07/14/2003

Re: davillionare post# 18

Sunday, 10/05/2003 10:53:33 AM

Sunday, October 05, 2003 10:53:33 AM

Post# of 578
No, I didn't get a alert, somone else noticed it and posted about it on the MBTT board on Raging Bull. He is pretty mad about it to..lol Your right, it should be reported as news but it wasn't. I think there was a decent number of people that were picking up shares in the .40's and then in the .20's also. Alot of people had to average down because when they got in the price was .90's to 1.20 or higher so when the price dropped so much they averaged down so it is hard to tell if that was someone who averaged way down or was it someone who was selling S-8 shares. Thats the big question. But I can't picture anyone selling S-8 shares when the company was due to put out such big news. just my opinion of course but I just can't picture it. Like I said, this week will tell alot about what haapens over the next few week. We just have to keep a eye on it....I would like to think the company is going to run their Awareness Campaign that they said they are going to do, That would help absorb the S-8 shares. It depends on if the company issued all of those S-8 shares or if they are holding onto some of them and going to give them out here and there. That would help if they issued them here and there because then we don't have to worry about a selloff. The company seem they want to do right by themselves and the share holders but the question remains will they is the key. I guess we will find out how they do it..


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.