Saturday, February 23, 2008 1:12:42 PM
You can call it what you wish, but I think the history and facts show a serious manipulation of the shares throughout last summer by one or more groups. There was definitely dumping of the old NPYC shares which drove the price down. There was definitely a sale of illegal shares (totally acknowledged by the company, with ongoing attempts to rectify it)...those shares were also dumped, holding the price down.
Lortap: I'm not saying NSHV is a scam stock, I'm just pointing out the fact that so many people really think that a short squeeze excuse is gonna fix a stock that is being diluted or dumped on, especially when the company/stock fundamentally doesn't have any revenues to speak of...
I agree that we should not see the possible short squeeze as the saviour of this stock. When it happens, it may provide some relief from the prices we have had for some time, but it will be the ongoing development of the company's revenues and business plan that will add true value to shareholders. Contrary to some who think this is "a dead dog", I am encouraged by ongoing efforts by the company on new projects and will be glad when we can get past the issues lingering from 2007. This is a start-up company....it takes time to get a revenue stream going.
Meanwhile, there is going to be some further volatility as some shareholders are fed up, giving up or otherwise negatively disposed...and I expect there will be some further dumping --- I suspect there may even be attempts to create a sell-off so that those having to cover 504's can pick them up really cheap. So, don't be surprised to see the price sub-penny for awhile. When the dust settles, I believe those who sell now will do so to their own detriment. But to each his own....I am comfortable with my substantial position and will hold them all.....I have a longer time frame in mind and will wait for better days.
All JMHO.
NorthLion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
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