CoMedia Corporation (fka CMTN)

[drenuf]

Very good question and one that has boggled my mind for awhile. Somehow (fate maybe?) I was lucky enough to sit beside a very well respected CEO and president of a company trading in the Nasdaq. After 2 hours into the flight I couldn't take it anymore and started a conversation. After the Blah,Blah and Blah start I got straight to it and told him that I was invested in CMTN. I explained what was going on and that I didn't understand the volume and the big blocks at ask with no movement being a low floater. I asked was it being shorted and he immediatly started laughing which made me feel real stupid ( which isn't hard to do). Anyway bottomline was there isn't a pinky stock being shorted cause there's to much risk. In other words there's a better chance of losing millions then making one single million. Then I asked what he thought was going on and he looked at me and said someone is selling and someone is buying. Then I realized without a doubt CMTN is diluting and the float is growing. Is this a bad thing? I don't think so. Imagine how much money it would cost to drive a RV across country with the gas prices plus pay each reasturant or bar to hold and promote your event. Flights back and forth for Steve and others to meet with certain individuals. There's many other examples of what it takes money wise to get this started and CMTN has 4 other divisions making money but still having to spend it right? The cool thing was he loved the 11on11 idea and even wrote CMTN down in his notebook. We're on to something special but its just going to take time. I wish I could have recorded his comments cause this guy knew his chit.