Eyecity.com Inc (ICTY)

[mr_bitterness]

I saw the 1st Form D and thought: That explains why I couldn't find a RegDex when I was sure there had to be one coming, and this explains the volume and price last week. Then I thought: If he is trying to raise $1M, at .001 that means 1B more shares. Even at 100M traded per day, that has to go on for 10 days of pure buying (~30 days of trading?) to exhaust the supply. I've seen it too many times before when this kind of thing killed a perfectly good stock. I don't want to bash but all this had me selling immediately upon reading the form.

Most of the reason I was here was the size of the float and the chart. Both were changed for me yesterday. The other reason I stuck around was the pinksheets update news. It seems if they do that update now, they will have to account for the two from Ds in the share structure. That said, I am amazed this is still holding .0008/.0009 ..so good on youse guys, maybe it will work out.

The 2nd Form D... I dunno? Does he need more shares than the 1st one allowed? Did he get his $1M already? If they sold roughly 800M shares since 9/29 (the 1st Form D) and about 1/3 of them wound up in peoples hands and if the avg pps was .0015 then he's raised about $400K.

Now he wants to do it again and this time he's letting us know. At least he is forthright about it this time, getting it out there before he started selling. But my understanding of the situation, the stock and the reasons I was in have all changed. So unless something else changes, I will take my modest gains and say hope to see you on another runner soon, GLTU, GLTA.