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Saturday, August 29, 2009 12:32:07 AM
in the 0.0015-0.002 range...the company is NOT dumping here, for several reasons:
1. it would kill the stock for good
2. much less $$ for same # of shares
So why are we at 0.0008?? Well this is the result of fear, panic AND impatience. Last few days, some people have been selling at a loss. Daytraders have been getting in and out. All this creates an illusion of endless selling...however, its not. We are in equilibrium and the floor is at 0.0008.
This is where all the fear and panic is naturally balanced by greed.
I estimate the CEO got around $500,000 - $750,000 out of some 500 million or so shares sold at an average of 0.0015 or so. This is my best guess based on the volumes...
The money will probably be used towards acquisitions, which will drive the price up. Plenty of subs have run from 000s into pennies, with this kind of volume. No reason to assume, DLAD wont...
There is one key element in all this, and that's the A/S or Authorized share count....If it stays at 1 bil, and we get the update on pinksheets, DLAD can run again and again...to 0.002 and beyond....
however, the moment he raises the A/S...its over...
The fact that he reduced the A/S from 8 bil to 1 bil...is a good sign IMO...
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