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Thursday, July 09, 2009 1:54:42 PM
In the pink sheet stocks, this is another version of dilution and a death sentence to a stock price. However, those guys are crooks and simply using the market as a living and finding succors to buy stock in bogus companies that actually own an asset but have no interest in working for the benefit of the stock holder. You see many of them doing S8s, Regdex filings, Form 15s then they raise the O/S via state, etc. Really dirty bad peoples that should be shot. Those types of runs are what everyone refers to as a pump and dump due to a run up in stock price so the bad guys dump their shares on volume and walk away.
The aforementioned nightmare is not a concern to a NYSE held security. And actually, seeing it now, and the form 4 filings, IMO look for a huge run on BBI coming soon.
http://ih.advfn.com/p.php?pid=nmona&cb=1247161607&article=38550422&symbol=NY%5EBBI
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