janice shell,A Better Scenario
Posted By kruy
When this stock was sub-penny, a number of individuals associated with an offshore hedge fund bought up more than the entire legal float, with 3 of them alone accounting for over 120M shares by themselves. These "shareholders" then pumped the heck out of this stock, and along the way "encouraged" the company to put out some over zealous pr's that they knew the company could not live up to. How?, by threatening to sink the stock to oblivion with the number of shares they held and an MM in their hedge fund pocket. They even "encouraged" the company to set up an IR firm made up of these "major shareholders" that would write and put out the pr's for the company. (Petar even warned that some of the pr's should not have been put out, and not to buy based on pr's)
Then, as they pumped the price up, they sold into the run, after which, knowing that the company could not possibly live up to the expectations of the pr's, bashed and shorted the heck out of the stock, exposing the shortcomings of the pr's they themselves (IR firm, MAM) were responsible for putting out. The result, an all out panic turbo charged by the hedge fund now turned from pumper to shorter. (and they shorted the heck out of this stock)
Now, after the shorting, which was evident from the drop of .10 to .01 in a matter of minutes, people were furious, not at the hedge fund and it's players on this board, but at the company for supposed "lieing" in pr's which the hedge fund players put out under the guise of MAM....and instead of being mad and demanding inquistion into hedge fund activity, people are now further cutting their own throats financially by bashing the company and even ASKING for it to be shut down by the SEC, which would leave the hedge fund completely off the hook.
Now, want to tell me again, how the company alone and no one else is responsible for where this stock trades today??
