Folks here are calling company PR~s and what they post on their website as DD. It's not. Once they achieve something that we can confirm, then it's DD. So far we can not confirm a thing. If you choose to believe the company, that's fine with me. I am saying to rely solely on what the company says is always dangerous in penny stocks. Most of them fail to live-up to promises in PR~s.
The true evidence we have is that the company has never made a loan before, never made a dime before and since last July, has been diluting the float like crazy. We all KNOW that. Dilution pushed the PPS down to .0001 with no bid at all. Now the company just raised the A/S to 10 billion. What do you really think they will do with the new shares?
That's the hard facts we have but now you believe the company will change and stop diluting? There is no evidence they will. All everybody here is banking on is their hopes the company has stopped diluting and trusting they will live-up to their recent promises; similar promises in years past that never came to fruition. Instead we got dilution.
If you say you just have faith and wanna take a chance, then I have no argument with you, as long as you realize it's a coin toss. Otherwise, you're just being taken for a ride.
I was just trying to provide some facts here earlier. It's true that hedge funds don't mess with sub-penny stocks. Anyone who has any knowledge and experience in the markets at all knows that. It's true you don't make money bashing penny stocks. You do so by pumping them. MM~s don't pay people to bash stocks - it's illegal - but if they did, they would pay folks to bash stocks at higher prices so they could make more money when the PPS falls. HCPC was sitting at .0001 for weeks and weeks. Even at .0003 now, how much money could be made by bashing the stock and pushing it back down to .0001.
BTW, in order to bash and make money on HCPC, you would have to short it. It is impractical for retailers to short penny stocks. There are only a couple of brokers that allow shorting of penny stocks and their restrictions are severe. For example, Ameritrade requires you depost $2.50 per share for each share you want to short. That means if I wanted to short a million shares of HCPC, I would have to deposit $2.5 million in my account. If the price was at .0003 when I shorted it and it fell to .0001 and I sold, I would make $200. Common sense should tell you people don't deposit $2.5 million in their accounts to make $200. If someone has $2.5 million in their brokerage, they aren't fooling around with penny stocks in the first place.
If you had any experience in the pennies, you would know these kinds of things.
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