Posts by joseywalestx:
“I have an aqaintance that works for the SEC His exact words to me were this Daytraders and shorts have ruined more startup companies than anything else out there.”
How about reminding your acquaintance that the SEC has failed to act for years to enact and enforce all manner of manipulative activities regarding OTC and pinks?
“I am talking about daytraders and MMs and the shorts that contnually bash this stock to keep it down.”
I just got here and I’m not bashing this stock. It doesn’t need help. I haven’t sold one share – yet. Although I am about done buying. For the record: I’m a speculator and investor, not a day trader or MM. Over the years, I’ve witnessed lots of MM games. That’s why I posted that I wouldn’t buy above .004. Charts and trading activity told me to be patient.
“They know that the R/S WAS A BIG MISTAKE”
Gee…Do you really think so?? I’ve researched hundreds of OTC’s, pinks and NAZ stocks. Very (and I mean VERY) few R splits do anything for the investors. I doubt that the management of this company had no idea what the future PPS would do post split. There are legions of co’s whose management is in the lucrative business of owning a shell for paid PRs and massive dilution which they ride down only to change the co name or R/S and do it again. That’s exactly why I don’t invest in OTC’s or pinks. With very (and I mean VERY) few exceptions they are speculative plays for me. NAZ and big board is where I go for investments.
“I didn’t create the problem…”
Neither did I. And I don’t want their problem to become mine. Not short either nor greedy. When and if this reaches my exit, I’m gone. If it doesn’t, a calculated risk.
“So you know...all the shares you geniuses are selling the company is buying and it hasn’t cost them hardly a thing...”
So you’re telling me there is a buyback program? Who are the geniuses that released the shares into the float in the first place? Unless there is rampant shorting going on here, it’s poor performance coupled with dilution that’s tanking this stock. Now, I would prefer that the co is buying up massive numbers of shares. That’ll move this to my exit price quicker. I bought ERUC for that purpose only – I didn’t marry it. NAZ and big board is where I go for investments.
“spoke with the company yesterday,,,They are considering going private..Let me put it to this way,,,It would work for them and they know it..”
“The company should wait for the bottom, and then announce another reverse split. That would cause a massive sellout of what is left..The company could at that point do a buyback of stock and take the whole thing private..Later when it is more profitable as it appears to be happening,,, do an IPO on a more controlled exchange wherew they will not have to content with the type of people that are here
If it were my call that is exactly what I would do,,, Dont talk to me about investors money ,,,, There are none here
Heck they the company are buying most of the shares now anyway”
So…the geniuses who run this co are releasing that kind of sensitive info to you? Since I’m now a shareholder, I’ll call Renee today and verify that they are going private.
BTW: The plan you just described is typical boiler room churning of shareholders $$$ by unscrupulous company management. Run that scenario by your SEC contact.
