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Tuesday, August 07, 2007 9:48:49 PM
IPHE Chart, Level 2, Comment
I have a large position here beginning last Friday,
started watching this one in June, right after a PR.
Have had several conversations with the CEO over the
past few weeks. Very energetic and driven man this
Greenberg.
The share structure is very appealing, the float is
around 60 million. Of the 60 million, about 27
million have been locked down by a group of
shareholders that wish to support the security.
These facts of course, are apparently only petty
insignificant details.
The issue now trades the like the stated effective
tradable float of around 35 million m/l.
The market capitalization of the entire company today
at bell open was a paltry USD $600,000,only $100,0000
more than the stated yearly revenues of the recently
announced Brooks acquisition.
There was a shareholder that got impatient a week
or so back and dumped about 9 million shares, this
caused others to sell
5.8 million shares were cleaned up from the bottom
on Friday prior to bell close of .0015
20 million to churn it to .025 bell close Monday.
10 million today, with run to .0055 ask and .005
bidders packed, issue moved just like it should
have considering the float and massive accumulation.
The Company released news this morning that they
had posted thier audited financials to pink
sheets, and that they were going to complete the
balance of the audits and make application to trade
on the OTCBB.
Depsite these facts and converse to sane financial
reason it seems that certain "holders" saw fit to sell
their shares at the bid late in the session today.
Thus, destroying nearly the entire rally for the day with the
issue ending with a pathetic downtick to close .003.
Take a look at the level 2 snapshot I have provided below,
it clearly shows that at 14:44 EDT the issue was
trading at .055 (the ask at the stated time) when selling began.
In 95 minutes, the sellers saw fit to sell without
mindful thought, fade and collapse the bid with small
trades that illustrate thier embarrassing and irresponsible trading habits.
It seems some are unable to take a moment and place
the shares they wish to sell at the ask, and wait a
few minutes for a buyer to appear and purchase their
shares. About 7 million shares were purchased at the
ask today. Not enough I surmise for these "big" sellers
trades in the final session hour.
I attribute some of this to careless pumping of
this issue on other boards, invite the player, and
you will pay.
When a seller chooses to sell a whopping 67,727 shares
(about $210.00) at the quoted bid of .003 near bell close,
after the issue had traded nearly 100% higher just 90 minutes
earlier really causes me to pause and question whether
many have learned anything about responsible trading
etiquette.
Sadly, the answer is apparent.
Look at the chart, level 2, especially the time
and sales beginning 14:44 EDT which is at best a
display of complete and total disregard for all involved.
I have a large position here beginning last Friday,
started watching this one in June, right after a PR.
Have had several conversations with the CEO over the
past few weeks. Very energetic and driven man this
Greenberg.
The share structure is very appealing, the float is
around 60 million. Of the 60 million, about 27
million have been locked down by a group of
shareholders that wish to support the security.
These facts of course, are apparently only petty
insignificant details.
The issue now trades the like the stated effective
tradable float of around 35 million m/l.
The market capitalization of the entire company today
at bell open was a paltry USD $600,000,only $100,0000
more than the stated yearly revenues of the recently
announced Brooks acquisition.
There was a shareholder that got impatient a week
or so back and dumped about 9 million shares, this
caused others to sell
5.8 million shares were cleaned up from the bottom
on Friday prior to bell close of .0015
20 million to churn it to .025 bell close Monday.
10 million today, with run to .0055 ask and .005
bidders packed, issue moved just like it should
have considering the float and massive accumulation.
The Company released news this morning that they
had posted thier audited financials to pink
sheets, and that they were going to complete the
balance of the audits and make application to trade
on the OTCBB.
Depsite these facts and converse to sane financial
reason it seems that certain "holders" saw fit to sell
their shares at the bid late in the session today.
Thus, destroying nearly the entire rally for the day with the
issue ending with a pathetic downtick to close .003.
Take a look at the level 2 snapshot I have provided below,
it clearly shows that at 14:44 EDT the issue was
trading at .055 (the ask at the stated time) when selling began.
In 95 minutes, the sellers saw fit to sell without
mindful thought, fade and collapse the bid with small
trades that illustrate thier embarrassing and irresponsible trading habits.
It seems some are unable to take a moment and place
the shares they wish to sell at the ask, and wait a
few minutes for a buyer to appear and purchase their
shares. About 7 million shares were purchased at the
ask today. Not enough I surmise for these "big" sellers
trades in the final session hour.
I attribute some of this to careless pumping of
this issue on other boards, invite the player, and
you will pay.
When a seller chooses to sell a whopping 67,727 shares
(about $210.00) at the quoted bid of .003 near bell close,
after the issue had traded nearly 100% higher just 90 minutes
earlier really causes me to pause and question whether
many have learned anything about responsible trading
etiquette.
Sadly, the answer is apparent.
Look at the chart, level 2, especially the time
and sales beginning 14:44 EDT which is at best a
display of complete and total disregard for all involved.
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