If Smithline would cease converting notes and selling stock, the price could be free to rise if there is a demand.
A note of caution though, the conversion price is still there and Smithline likes to make money. He has actively shorted this stock ever since he got involved. In one filing, Moro even stated the note holders short position. I do not like stocks being shorted nor do I trust Smithline.
Look at what happened on the inveness license news.
2008/01/14 0.76 0.76 0.67 0.68 172,874 0.68
2008/01/11 0.77 0.77 0.69 0.76 65,900 0.76
2008/01/10 0.74 0.79 0.70 0.77 264,574 0.77
2008/01/09 0.68 0.77 0.67 0.70 615,808 0.70
2008/01/08 0.64 0.65 0.64 0.65 8,910 0.65
2008/01/07 0.65 0.68 0.65 0.68 45,150 0.68
2008/01/04 0.65 0.65 0.62 0.65 17,500 0.65
2008/01/03 0.65 0.75 0.60 0.69 156,220 0.69
2008/01/02 0.67 0.67 0.60 0.60 9,000 0.60
Prior to the news, the stock closed at 65 cents on the 8th. Then the news. It was great news but the stock only peaked at 79 cents and was sold off back to 68 cents within 4 trading days after the news release. Thank you Mr. Smithline.
And can you believe it. Some here on the board claim Smithline to be a friend.
