Tuesday, December 23, 2008 4:36:30 PM
Last night, I started to regret selling out since we really don't know what is going on (and still don't). I was actually very surprised with the lack of volume to day. I would have thought the chart alone would lead to more buying. As it sits now, the MM lineup remains better than it had before the last PR, so in that sense there is still some level of support here.
So what happens from here? That's the worst part - we all have no idea. It all depends on Kevin May. Is he being honest? I don't know. Is he sharing the full behind-the-scenes story? Absolutely not. Many people refer to this as a lotto play, and as it stands now it is exactly that, a gamble. If Kevin May comes out with a good PR blitz, including a reasonable explanation for the O/S increase, this may really take off. If he continues to fail to communicate effectively to shareholders, then this is going to be stuck here.
I still love the whole concept behind ServeNation, and am very disappointed how this story has unfolded thus far (until yesterday, I was one of the biggest supporters of this company). I wish the best to those who wait it out, but thought I would at least offer some departing remarks insteading of silently disappearing. My gut feeling is that you all will get a little bounce with additional news, but I am choosing to invest in some safer "Non-Pink" plays for now. And you never know, I may at some point in the future (possibly the near future) decide to place a small bet here.
Once again, good luck to all, and Happy Holidays.
Rhino
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