Moon Equity Holdings Corp (MONI)

[JoeForkeyBolo]

When someone is negotiating a purchase, unless they are an idiot, they NEVER state what they're willing to pay until AFTER the get the initial asking price from the seller. The seller may offer to sell for far lower than you're willing to offer, but if they hear your offer, their asking price automatically rises to match or counter with a slightly higher offer.

Apply this logic to purchasing shares of any stock. Why would someone announce how many shares they're preparing to buy and how much they're willing to pay for them, especially when the price is 5 to 10 times the current asking price for the shares. This person is either a MORON or is LYING. If someone wanted to buy that many shares, they would start accumulating now in smaller chunks. It may drive the price higher over time, but it's not going to be 5-10 times higher. Even if this intent was to buy after the merger/acquisition, it would be smart to start accumulating before the deal and get as many shares at the cheaper price, then BOOM, pick up the rest at the higher price point. This guy Borders is full of CRAP. Anyone not invested here and consumed by visions of riches can see it.

"We're prepared to buy up to 250 million shares, with an expected average of approximately $.15 per share"

"Dependent upon the fundamentals of the merged entity (if it's the one we hope it is) we'll go to as much as 400 million, with an expected cost average not to exceed $.30"

I sold my shares here in the low 5 cent range a couple of years ago. I see now years later it's still the same game of lots of promises and no delivery. Good luck following this Borders clown. There's a reason he's in legal troubles from multiple sources, as some great DD here has pointed out.