Tuesday, September 11, 2007 2:39:17 PM
Not able to find out much on Carmac but will keep digging. I do believe that this can recover. As stated- they didn't sink 3.6 million without planning on getting it back. We'll have to wait and see if they plan on getting it back via pps manipulation (as they proved they are good at in Feb) or by business profits.
Jens figures on the pay back of the loan seems like it's going to be a huge task to pay back based on business. If the pps rises- Alan won't be able to buy back the shares for any reasonable amount of money. That being the case- there will then be lots of shares available to cover shorting.
At this point- I'm betting on the manipulation. 100 million shares at .04 would be a good start to paying back the money borrowed.
If this runs for seemingly no reason to penny land; I'm going to be curious to see if the fans of ETMO pump it to bait in others. If it runs to penny land this fall- IMO it'll only there short term and a result of manipulation.
Going to play this out and see what happens. Some great flipping opportunities may present themselves. Risky play but already took the kick to the !%^#@.
GL
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