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Re: weatherdude post# 272

Monday, 09/14/2009 4:21:22 PM

Monday, September 14, 2009 4:21:22 PM

Post# of 1341
"...the MM's are lots of lemmmmings buying this stock?" What on earth are you talking about? Market makers aren't buying this stock, but they are selling it at the behest of the dumpers. Those doing the actual selling will take whatever price you are willing to give them, whether that's 20 cents, 40 cents, 60 cents, or more. Market makers wouldn't touch any real action on their own behalf here with a ten-foot pole.

Whoever is running this pump-and-dump paid at least $875,000 to promoters--probably much more, since I eliminated duplicates, and some were probably paid twice. Go to stockpromoters.com and add it up for yourself. In addition, in a well run pump-and-dump (which this certainly is), the sellers will be doing some buying along the way to make the share price look more stable and attractive than it otherwise would. Yet, the dumpers will be trying to get back several times the money they invested.

Bid it up: They'll be happy to take a higher price from you, as I said. Of course, when fools run out of money, there'll be a rather startling collapse of the share price. The worst part is that, since this promotional money was all paid by third parties (as far as can be told from the information available), the proceeds of any new stock sales are going into the pockets of those promoting, not into the company's coffers. The company is merely a conduit for shares being issued (under whatever guise) to the promoters. The company won't get enough money to start a single pre-clinical trial, or probably, to buy a Bunsen burner.

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