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Re: bloodhound99 post# 1419

Sunday, 09/16/2007 11:05:00 PM

Sunday, September 16, 2007 11:05:00 PM

Post# of 3832
I don't disagree with your post at all but the investors better hope that the projections are "more" than right because the dilution is way more than most imagined. Wester and I ran the numbers and predicted 2 billion shares (old school) before all was said and done months ago before the monthly cash bleed might become under control. What most buyers (calling them investors gives them too much credit IMO) don't understand is even if they were to not reach cash flow break even in the 4th quarter when will you know? The quarterly for the 4th quarter isn't due until March 31 and if they aren't, I think we both know that info is unlikely to be released in a timely fashion. Apparently there are MANY gullible folks in Wilmington. Our local paper runs a nationally syndicated column in the Sunday paper by Malcolm Berko. Last week he was asked about a penny stock (I can't remember the ticker) and called it basically an over priced scam that a local broker was pushing. He said the bad thing was, he had numerous letters about the stock, all from the Wilmington, NC area lol. I don't know who that broker is but I can assure you that hundreds bought this stock because of Danny. I've met most of them. I just don't know how many still own it though. I think we both also know that most penny stock buyers never read the sec filings and are what I call "yahoo finance" investors. That's why I take so much time answering emails and PM's from folks and do my best to help them understand how important the filings are and even with that knowledge is still only a 50/50 proposition in most cases and that would be with a sense of morality within the upper level management too.

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