My take on how it's trading.
Educational:
When a company does a forward split, the split shares
eventually get entered into the market. That is, the
O/S shares.
When this transition happens, it triggers huge pressure
on the price of the stock...similar to an S-8 when the
shares hit the market.
Remember, newbies...Reverse Split=Less Shares; Forward
Split=More Shares.
Case in point:
GNET has been noted as a key seller on stock. We have
seen his presence on EZTO the last couple days. But, it
does seem like he is running out of shares.
There is a big resistance at .05 currently, however, like
an S-8 play...we should see this change soon. We know how
S-8 plays can rise 100% or more in many cases.
If you look at the bid currently, this is the best the bid
has looked over the last week...we actually have 4 MM's on
the bid at .04 or better.
Since Friday, from its low of .034 on the bid, the bid price
has improved over a penny now...Nite at .045
As I mentioned above, the F/S shares from the 6:1 F/S are
thinning...if you're looking for an entry...it is nearing
it's time.
That's why I bought back in....plus, another take...the news
even gets better and stronger.
This won't be under a nickle that much longer.
EZ
To succeed in life. Share your wealth. Help others. God Bless.
EZtradin