The biggest factor, or writing on the wall,
for my sale was the 8 million share compensation package for Tony Golden. What CEO or CFO entrusted with the stock treasury would pay $4-7 Million worth of stock for his services? The only answer I could come up with was that the price wouldn't hold nor remain anywhere where it was at time of that contract. (Still worth $2.1 Million EOD Tuesday, BTW)
Another recent pause or Ah Ha! moment should have been the Dubai financing deal, that may not have ever really existed (meaning actual $$ to back up capital promise), being canceled. That info was held for a while before being released as an oh by the way, "we are not doing the the EICA deal. We decided to go another route..."
Although dilution was not terrible by Pinkie standards, a few million shares were sold at .40+ prices riding the first two quarter's momentum and buildup of expectations. This may have been the "other route" all along, to finance market entrance(rollout) through inflated retail stock sales and individual private placements... Who knows, just my .02
Read everyone's posts with caution and treat as...
