1st I would like to say THANKS for the ones who gave the blow by blow from the CC.. Then I have to say I am in VIC's camp in thinking there would be a much bigger jump from this meeting.. But, I am sure the Chill is not helping..
About a potental short squeeze, UNLESS there are MANY MANY more shares then what is being reported short (which poses another problem this Co has a pretty shabby record of reporting), there is only 3.5 mil short. if auth shares are 1.5 BIL (which is also a 500 mil more shares reported anywhere I can find) so if you added a few more mil short, that still is not very much.. The thought of people holding shares short from when this was over a dollar is just insane thinking. when you have pretty much made 100% on a short position. What you are going to hold for another 1/2 penny a share!?!?!? (5mil x .005=$25K) Now that is worth the risk.. So I really don;t see a short squeeze..
I am a trader and part time investor and I have to admit I started falling for this Pink Sheet pipe dream. But this one is starting to look more and more like a dream.
I say LET'S SEE that late 10-Q filed and other reportings other LEGIT companys file. Work on getting a reputation that traders would want to enter.. this is how the pinks sheets have them listed
"""Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink Sheets. Companies in this category do not make Current Information available via Pink Sheets News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky. """
So IMHO until IPWG is willing to report and act like a real company. Traders are not going to run this very far except on PR spikes, the same reason and how I even found this company...
I am still long from .006ish and I will be dumping 3/4 @ .013ish area So I will keep a long position with my free shares just to see how the IPWG Drama plays out.... Yes I think there will be another spike from the PR that comes outta this mornings meeting
Comments welcomed just don't be a rude basher or an un-informed pumper...
DD Rules, the truth is out there!!!
AI
