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Sunday, July 01, 2007 8:09:29 PM
31 people own 729 million of the O/S which is at right around 1.9 billion. (Thats 37 percent). The float is much smaller but not sure what it is since we dont know what insiders hold.
Most plan on holding for much higher levels. Im hoping for a 10-50 bagger this year my self and am basing that on what the company was offered last Oct.
They were offered to be bought out for .02 back in Oct. of 06 and turned it down. THe artists have grown bigtime since then and Big Lou is aligning himself with some HUGE names and will be a powerhouse at some point.
The price has gotten killed because the company needed to dilute to get some money to promote there artists but have a history of buying back the O/S and lots of posters are pushing for this to happen.
I really think anything at .0005 and less will be a great buying price and see this much higher at some point.
Float is shrinking bigtime as alot of Ihubbers now own a big part of it.
Lets keep eating into the O/S and get this stock moving towards .001 sooner than later.
(729 million held out of 1.9 billion O/S by Ihubbers) 37%
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