InvestorsHub Logo
Followers 56
Posts 9858
Boards Moderated 3
Alias Born 12/12/2008

Re: RainingPennies post# 34338

Tuesday, 10/06/2009 2:50:59 PM

Tuesday, October 06, 2009 2:50:59 PM

Post# of 40390
i wish you the best of luck but am very worried .075 is a lot...

about 80% of sales can't be verified and as per the SEC who has looked through their books they are concerned enough with this that they don't want anyone else buying into the stock...

now if these sales are fake... they needed to get the money from somewhere else... they had to have sold shares... to pay for all of their high and expensive advertising, ect.

if they sold shares... my guess is there is prob closer to 2-3 billion shares OS...

now take a earnings reduction of 80% and a OS increase of about 5 times... and factor that in, if we even start trading... it doesn't look good for any of us who still own any stock...

it doesn't look good at all, hopefully this isn't the case... and I'm wrong.. and you and others can get out... I've got my fingers crossed...

Everything I say is in my own opinion do not buy sell or hold based off what I have to say.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.