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Monday, November 30, 2009 5:31:55 PM
This keeps new shareholders coming in. Trading on the collar is highly illegal and the sec would be all over someone who did that. It would also be incredibly stupid for a ceo to do that.
With that said, I doubt that is being done, yet still possible.
I have traded with these penny stocks for years now and so far I have no reason to trust or not trust the CEO. This is a very speculative and risky stock. Most stocks I traded in the past had a little more backbone to go on. WNYN is one such company with a lot of backbone.
Time will only tell what will go on with SYMW, but it is frustrating to see what has happned thus far with SYMW. With Hoss Motor, almost all the way up to the fall through where SSEV got the deal instead of SYMW all I heard about was how confident John Davenport was about SYMW's future yet then that. Instead of saying how confident he was maybe it would have been better to say no comment at this time; because certainly someone knew before the SYMW future comment that the deal with Hoss was not going to happen.
I have to ask; what is up now. Are they (SYMW) just stalling, hoping that something major is still going to happen (acquisition wise or co-partership wise).
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