OK yes I have shares I am just as pissed as MIMI and BO-BO I bought in at .20 42064 shares and down how much now dam near to zero. That is a fact. What I am saying is there is only a couple people at fault for this and that is MM'S and The people who run this company. Here is something I have found out for my self to share with everyone. I have made numerous calls to the transfer agent to get the current O/S an what do you know they are gagged from telling anyone. I called and posed as Gabe sandler even and yeah investor relations my butt. If they wont tell him then what the hell good is someone that does work for the company. Here is something I read from the boards here.
I am not refering to the dilution part. just read the rest.
Dilution:
The selling of newly issued shares. The basis in which the entire stock market revolves around is the issuance of shares to acquire the capital to sustain and allow a company to grow. This is arguably the worst of the 4 'thieves', as it is 100% legal, even when done with 'less than good' intentions and done thru mis-representation. The less 'blue chip' a company is, the more likely the dilution will not bear fruit.
Enter the 'lifestyle' stock.
Lifestyle stocks (and they are VERY plenty, especially in Pinksheet issues) are stocks with good/great sounding stories, usually in the form of press releases. First and foremost, they provide CEO's with high salaries, regardless of CEO performance. They also provide the company with capital to support their own lives, using such guises as travel, meals, and entertainment as expenses. Automotive (BMW, Mercedes...you get the idea) expenses are common. Real-estate also falls into the classification as a company neccessity, 'stated' as a necessity for temporary housing for out-of-town clients, even if the 'client' may be a high school sweetheart from a different city. Shortly put, watch CAREFULLY and CLOSELY for lifestyle stocks. You can only profit from them once you are FULLY knowledgeable in their 'scam'.
Dilution is inevitable in all companies, given it's nature and value to a company. A 'good' company dilutes minimally, and gives shareholders 'value for their money', ie; increasing/improving bottom line fundamentals.
It is HIGHLY advised to locate the Transfer Agent (TA) of any company you wish to be invested in for more than 1 week. By frequently calling the TA, you can gain a neccessary understanding to what extent the company is diluting. TAs can give you the outstanding shares (o/s) for any date you ask. By knowing the o/s on the first of the last 3 months, gives a good idea of dilution rate.
Stay far away from an issue that the TA has been gagged, atleast until you have become VERY experienced in investing/trading. There is virtually NO good reason for a TA to be gagged. None.
