Actually, it's really simple Jim. However, some don't want it to be simple. That's irrelevant though. The fact of the matter is that EESO made a run from .0005 to .05 in just about a month. EESO has now settled into another trading range that is well above that .0005 level and has stayed there for over two months. That level to watch for those who actually care about the stock is the 13 dma.
I see nothing that says dilution. For me, the proof of this is that the stock is actually able to rise with buying pressure although, at certain levels it begins to sell off. This is from nothing more than traders loading up at the 50 dma or the 13 dma which has floated around the .013-.016 and then selling on breaks over .02. Another important point to note is that the selling usually occurs towards the end of the day and has a direct effect on the closing prices. Again, the classic footprint of a stock controlled by day and swing traders. Anyone who has ever been on the recieving end of dilution knows that the incessant selling that is characteristic of true dilution will break the back of a stock. This stock's back is far from broken and buyers arrive in flocks at certain levels. Most importantly, those levels that the buyers arrive are far higher than the days that some of us here remember well. People are paying up for the stock. I also remember the same ones here now calling for the stock and the company's demise were the same ones saying we would be looking at 'no bid' by end of year.
I'm seeing plenty of red flags but, they're not from the company. Folks can throw out all of the fancy accounting and SEC terms, and pinksheet horror stories they want to but, the proof is in pudding. The stock is healthy and IMO getting healthier. Trade what you see Jim.
-Dave-
