Wednesday, February 28, 2007 8:21:54 PM
1)restricted or not.. they are Authorized, not issued, there is a difference, read a series 7 book, or better yet, get the definitions from investopedia.com
2)at this stage in the game we are investing for assets, and an idea more or less, the forex idea. The site is operational as promised, once things pick up, we will be investing in earning potential, so if the shares are then issued but leveraged to growing the business it wont matter.
3) I am 19 and have been trading for only a few years, it doesnt take a rocket scientist to know that a correction was needed, all financial instruments make moves but revert to the mean, we never had a day where we were up 100%+, but we were up over 700% since last week, couple the overbought signals on the RSI, and the rumor of major dilution, there was a ton of panic selling.
4) look at the CMF, it did decline, but more in conjuction with the decrease in RSI, leading me to think there was panic selling, the MM's may have eaten some shares, if those new shares were being issued, we would have seen a worse effect on the CMF, I have been here for many months, and saw the dilution, the chart would tell you that new shares were being issued.
Like many people stated, they have produced everything they promised, they are not liars here. Things are going well, and this share structure (which isnt even that bad) can be modified once they start making money, it wont be a problem. What if they used the shares to acquire a forex broker/dealer with $500 million in cash, they could buy back stock, plus they have new revenue potential, there are a lot of what ifs, but at this point, thinks look pretty good....
Best of luck
All in my own Opinion, Not a Recommendation!!! But let's try to make some money!
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