Bellatora Inc (ECGR)

[mr_bitterness]

Wow, sorry I missed a couple weeks of crazy pumpers at this board - that had to be a hoot.

You asked: "At what point is the float killed? In other words, how many shares does the float have to increase by to "kill" our chances of success?"

IMO this Q has a subjective answer based on individual goals rather than an objective answer that can be quantified with a hard number. When the float doubles, your value is halved. When the float increases by a factor of 10, your value is 1/10th. Pardon the oversimplification. It's like the un-reverse split.

Following the rules of proportion to determine how much dilution kills a stock depends somewhat on your definition of success. The more a float is diluted, the more one's definition of success may need to change. If you were waiting for a 5-bagger from .01, you now need a 25-bagger for the same success. Depending on the rules you set for your investment or trade when you got in, and whether you change those rules as you play (which I often do with pinks - sometimes my biggest mistake and sometimes my best move) the float can be killed with a relatively small % increase. And it is isn't always the % change, sometimes just the fact that they diluted or the fact that they did it in an underhanded manner is enough to motivate the sellers out of control and to keep the buyers away.

He may be telling the truth about not knowing how the stock is traded. That is scary for two reasons. 1.) He may not know much about running a public company or making investors money 2.) There may be other forces at work which, if he is telling the truth, are so powerful that they can overwhelm a company that is worth it's salt, does have a good business, plan and market. A strong CEO is the secret to a successful company, esp when your investment is based on fundys. That said, a good CEO would, imo, ensure regular and consistent accounting and reporting, and provide dependable transparency to the shareholders.

Dr Walker told me in writing "The two sources that are available to all investors are press releases and the financial information filed with Pink Sheets. The Pink Sheets information is updated quarterly and press releases when appropriate."
They are late in their filing.

You said: "Dr. Walker knows exactly what the share structure is."
How do we know that? When I asked him, he told me "The financial end of the business including the structuring of the stock situation is in the hands of Mitchell Segal, our financial consultant.  I suggest you email him at <mailto:[e-mail]>[e-mail]."
I posted earlier from memory, the impression I had was that he did not know, so I should retract the absolutness of that statement - 'he does not appear to know' may be more accurate. When emailing segal - I got no reply - even after several attempts, including CCing the Dr and including the Drs instruction to email Segal.

Enjoy the weekend
GLTA