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Wednesday, October 01, 2008 10:48:05 AM
"We need this to go up, because we've bought at several stages between .009 cents and .019 cents. We thought that by appearing here en masse - or at least with lots of different IDs - we could generate some momo, convince a few long term BIPH holders that there was still hope, and get a suckers' rally underway (let's face it we know these folk are gullible otherwise they wouldn't be here in the first place).
However our confident predictions have proven (as is usually the case with such things) to be completely wrong.
Rather than admit we don't really have a clue what we're talikng about, however, we're going to bluff our way through this by talk of large buyers, insiders holding the price down intentionally, secret accumulation, market makers' manipulation and all the rest of the day-trading pseudo-technical jargon, in the hope we can finally get that suckers' rally on the go."
Unfortunately the facts rather militate against the pump and dump they're trying to generate.
Those facts being that Biophan is a company that staggers from crisis to crisis, that only resolved its "sewer rat" problem because not to do so became unsustainable in the face of logical arguments, still hasn't cancelled its intended 357% MegaDilution and has a bigger sewer rat than the previous guys still on its case (BioMed and MW).
And perhaps most significantly, Biophan has yet to outline a plausible development plan, complete with costs and milestones for its sole product candidate, Myotech CSS.
I'm guessing that's because there isn't such a plan, and indeed that such a plan may not be possible.
I'm afrad our daytrading chums may have to take their losses, lick their wounds and move on to their next momo P&D opportunity.
Better luck next time, guys! (But just a hint to the wise -try to keep the TA jargon and the excuses more credible.)
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