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Re: 10thMountain post# 76150

Monday, 02/09/2009 10:39:57 AM

Monday, February 09, 2009 10:39:57 AM

Post# of 192592
totally agree and the company has 1.6BILLION shares out which has not changed. this is irrational at this point, and a lot of bagholders will be made here at these levels. your .02 sell was smart. at .03, with 1.6bil shares, this has a current market cap of $48mil - OUTRAGEOUS for anybody to think that it is worth that or even a quarter of that. the mm's are just enjoying making money right now off of those who are not thinking and are only buying into the excitement. i would not be surprised if the company is selling at the ask into all the newbies buying. the bid will crumble with any decent selling. the mm's are laughing all the way to the bank along with those who bought in the triple zeros who know how to sell into the ask. bagholders galore. market cap of $48mil is laughable. shorting will send this back to it's true value levels of about .005. all imo.

oh, and i do agree that the 1.6 bil share os is far too great and will need to be r/s sooner than later. the company can't do anyting with that bloated float and os. so, on top of the ridiculous market cap, i would bet the company would agree that they are not worth $48mil or even $10mil at this juncture.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y