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Monday, August 13, 2007 7:11:32 PM
Hi Michael, thanks for the info. With the recent news that certain holders have sold out, the mood is grim on IHUB, then you have the faithful few that try to hold the fort. ////////////////////////////// Its a public company and that is what people do. Its like a hotel some stay a day, some stay few days, some few months, but eventually everyone moves on. Its a natural process. I wouldnt sweat is. Even if they had 500mm shares no big deal, everyday we do 60-100 mm in volume. So stage 1 is complete, (volume), now on to stage 2 and that is increasing the PPS. We will get it done
Then today town hall.
QUESTION:
The trading volume today (Aug 13) is unprecedented, and the stock price has hit .0003. This is 2-3 days before financials are released. Shareholders are concerned. Any thoughts?
RESPONSE:
We can never know for certain what is behind a strange day like today. However, consider this. The second quarter numbers will be out this week. This wild trading could be a major short anticipating weak numbers, or a sell-off from a major investor who needs immediate liquidity because of the downshift hitting a lot of pinks. The good news is that they are dumping before news, not after - if we get a positive reaction to our numbers, there won’t be downward pressure left from this guy to hold the stock price down.
Looks like Michael was trying to warn us, without crossing the line.
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