I bought 47000 shares average cosr .20. I now have 470. Originally my Internet broker posted value $2.00 per share. now it is .02 per share. What is up? Sounds to me like somebody is filing for bancrupcy or is looking at a buyout. Either way, it is an engineered scam. Fortunately I can right it off as a capital gains loss. Selling it now, since I bought when CAN dollars were .93, I would be taking a loss anyways.
Apparently this compamy is a scam or they cannot predict the market trends. But then, record producers seem to be having a hard time these days, to wit Phil Spector.
Happy Investing.
