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Alias Born | 10/24/2008 |
Wednesday, February 18, 2009 7:25:59 AM
There is a person or people on this board who is/ are supporting this stock so they can milk this stock for everything they can get out of it...I am not so sure they know anything more than the rest of us, unless they are insiders manipulating the stock price intentionally, which is possible...there is a lot of fraud in penny stocks...this momentum is manipulative technical trading and manipulation IMJ, nothing more. There are new people on here...where did they come from and why?
Why when I was saying this could go to .01 per share a 100 bagger did people say i was dreaming and now people actually think this could go into the pennies...the only way this stock goes up is if newbies are sucked in without doing their due diligence (DD)...
Two months ago everyone said the company itself was raising cash at a mere .0001 per share...how on earth if this company has close to 3 BILLION shares outstanding is this company worth a market cap of .0007 x 3 BILLION shares or $2,100,000...that is ridiculous...even if they only have only 1 billion outstanding you guys are valuing this company at $700,000; that is even ridiculous...irrational exuberance...wow!!!
The math is pretty simple. And, those earnings estimates are ridiculous because they do not take into account the exorbitant salaries of management, director salaries, and operating expenses among other deferred compensation liabilities in the hundreds of thousands.
Are you kidding me? How does a stock trade with no bid for two months magically come back to life...this is a manipulation so management can bail ship before a negative press release comes or leaks out. I don't trust any of this nonsense. I hope the nicer people on this board bail and get their money out before its too late. If it looks like a duck and quacks like a duck, its a duck...don't be a sucker.
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