Weird week for this stock, and weird weeks ahead, IMO.
Full disclosure. I hold zero postion in this stock currently. I sold all of my shares for a slight loss. I had moved on after the 10Q. I received tons of PMs after I had posted saying I was leaving the board and couldnt figure out why people were so interested in sending me messages after I said I was done with this stock and had sold off. Somebody even posted a message on another stock board in here addressed to me.
Ended up looking up the price on my ticker and almost fell out of my chair. So I looked up to see if I could find some news and I read the PR and kinda shook my head. I shook my head for two reasons. #1 because that PR was pure garbage and was a gross misrepresentation and basically just a repeat of 1st QTR. #2 Was because I am an idiot for not seeing it coming and not profiting on it. I should have know that the PR firm would want to boost it, so they could dump their shares, which it tells us right in the filing that they get.
This stock has now become a gambler's paradise.
A few discussion points I would like to bring up and I will again be on my way. I dont feel like getting into arguments with people again, as some people really have no desire to actually read things and learn stuff. They just want to push the positive talking points over and over and silence everything else, no matter how valid it might be. I will always happily engage people via PM if they would like and dont threaten my life.
1. This company is having serious cash flow issues. If you dont think they are, you really need to ask yourself a whole new set of questions.
2. This company is diluting like crazy and has provisions laid out for every one to see that they plan on doing it more and more.
3. This PR company is slick. They will twist information in any way they can. This can actually be an asset if timed right.
4. The football season should bring a slew of very good news.
5. Any investor must now and forever be very curious and skeptical about every move this company makes.
6. This stock will make lots of people rich and lots of people poor.
This stock has many more runs left in it and many more collapses. There will be lots of flashy misleading headlines followed by massive dumps of stock.
I do feel that they have somewhat of a floor built in for a while at .002. I base that off of some of the provisions for dilution. It needs to stay above that level for the company to get access to money via dilution. It will probably dip below it sometimes, but the company cant afford to let it stay there for long.
This will create many opps for people to make tons of money. Just try and read what is put out very clearly. That will help determine how long the runs can be sustained. If you know it is garbage put in an auto sell order at a price you pick. It can be very tough to sell on the way down so dont get greedy. I dont have the time this fall to watch this thing as closely as it will probably need to be watched. But if you do, this thing is almost a dream come true for flippers. Just remember too that eventually the street does catch on to the pumps and it tempers the runs drastically until they are gone. I dont really know when that will be. If i did I would be rich and paying my butler to post on IHUB for me.
Just be careful everybody and know what you own. That 10Q should have put you on full alert going forward. There will certainly be tons of news in the days ahead.
If the next 10Q shows a profit and the O/S count is below 2 billion, yikes, that will be some run.
My loophole has been closed with the TA. I am only able to confirm that as of Friday the A/S is still 1 billion. I am pretty sure somehow the company and them have had a firm conversation since the share structure did get spread around before the 10Q was out.
GL
