My history here is more transparent than most. In at .0001, out the moment I became convinced this was a scam (first time it hit .0005).
I have no interest in saving people from themselves. In fact, I believe it's already too late for anyone holding more than 5mill or so averaged .0002/.0003. Any larger a stake and the act of selling itself would kill the PPS. Multiply by the number of bagholders, and uh-oh.
I just hate to see Lumb prolong his lavish lifestyle by tricking the uninformed. But as far as I'm concerned anyone buying this stock thinking a 20-1 value dividend will soon be just given to them is no better than someone who falls for a Nigerian 411 email scam and is getting what they deserve = an expensive education.
Wash trading is the only thing propping up this stock. SEC has their hands full with the number of fully reporting companies ignoring regs Enron-style over the past few years. Those who realized this have already taken most of the profits already.
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