InvestorsHub Logo
Followers 0
Posts 130
Boards Moderated 0
Alias Born 01/04/2007

Re: alexindef post# 1845

Wednesday, 12/26/2007 2:13:41 PM

Wednesday, December 26, 2007 2:13:41 PM

Post# of 27909
Yes. According to the PR agency, the maximum number of shares available for trading was 60 million after the deal. As you know, the entire float has been traded many times over and we're still going down. I am afraid the seller who is using the AUTO market maker now is the latest individual (s) who got unrestricted shares from the company--based on what has happened to the PPS, it's easy to see that the investors themselves have no faith in the company and start dumping their shares as soon as they become available for trading. You never know about these potential investors! They might be buddies of the CEO who are sharing their profits with him. Just think for a second--the CEO is the biggest shareholder of CCMJ and supposedly has a lot riding on his shares and still makes deals that cause the PPS to dive more than 95%. There's definitely something wrong with this picture, would't you say?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.