Sunday, April 18, 2010 3:05:37 PM
What worries me is that while doing a 25:1 ratio R/S split they have admitted that they will not reduce the total shares allowed to be issued in the corporate charter! That tells me they have big plans to raise more cash, a plan that plays out like this maybe.
1)The R/S happens friday next week at the close.
2) the price gets pushed from $5 to $20 the next week (or something like that pretty soon, week, month? using the pending FDA meeting to start another feeding frenzy perhaps?)
3) They announce some huge new stock sale back door deal at $10/share and price collapses from $20 back to 5-10 range, but it gives them a huge cash hoard to go buy ?????? who, or what?
The fact that they are leaving the door wide open for a huge volume of stock to be sold at above $5 after the R/S, is very telling in my book. And the gamesters always run the price up 100 to 200% before they dilute again to justify the price of the new shares and to pre-support the new dilution.
I only had a few shares left, but added a bunch at the close friday, and I will add a lot more if the price crashes under the .20 support, as I suspect it will close Friday at between .20 and .30 to set a Monday price above $5, April 26th.
I WILL not get caught holding the bag this time once it runs up way up, just before they announce what ever bombshell they have planned after running the price up 400% again!
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