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Friday, February 12, 2010 5:46:47 PM
After speaking with Stephen Humphries today I got mixed messages.
He said on one hand that 90 percent of penny stocks failed BUT in almost the next breath said he wasn't one of the 90 percent as they were a LEGITIMATE entity. There are those out there that want people to trade down all the way to .0001 and believe that is where we will end up but think about it. How long did it take for SYMW to climb to .15 a share or so. Who made money then? The same people that are coming back for seconds as they are now playing with play money and they know they have enough to bring this down a ways. They are no longer fearful and will get every share at the lowest imaginable and then pump it one last BIG time or maybe more.
This has potential but I totally believe Humphries is not in it for us. I asked him today if the PPS of SSEV for shareholders was a concern of his and his reponse was yes, but the way he said it was not convincing.
Let's wait and see.
Hang in there.
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