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Alias Born | 04/29/2008 |
Friday, May 22, 2009 4:21:05 PM
Wow, a company with negative working capital at multiples of its current annual sales pace, negative tangible book value, paying some employees and suppliers in stock, just raised authorized shares five fold, with declining sales which sells for 3-6 times its current annual sales pace. It's gotta be being held back by artificial means.
Post after post about how no large holder, be they insider or poster here, would EVER sell. Yet somehow, the "bashers" are convincing them to do so. Or if not the bashers, the naked short sellers who create millions of fictitious shares, which the company knows nothing about, which are then sold on foreign markets to unsuspecting (and apparently very naive) investors, or if not they, then the market makers who build up huge inventory of the stock (by scaring the shares from the weak hands, or wait those investors don't sell, so who is it again?) then dump them at artificially low prices, all while the stock price is declining.
It's a great story, if only even one piece made any sense.
'Tis better to be silent and be thought a fool, than to speak and remove all doubt. - Abraham Lincoln
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