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Alias Born | 04/09/2010 |
Tuesday, April 20, 2010 10:19:04 PM
If they paid with restricted shares, could FSM owners have converted some of the shares to common the same day they received them? And since FSM is selling their company for stock, wouldn't they expect that stock to appreciate at some point, because you would think TGGI would have either told them that the stock will be rising soon, with a possible merger and all, because if FSM thinks it is going down perpetually, they would certainly try to convert and sell as fast as possible. It seems like there is something planned here. It will be interesting to see what tomorrow brings.
As long as we stay over .004 then we are still in the same tunnel we have been in for 2 weeks (the .004-.006 tunnel)... if it goes below .004, then it will possibly be pretty painful. But I am still going to hold because my gut tells me there is inevitably a big rise due to hit at some point. Essentially, the stock fell way too fast, then has somewhat consolidated, and even with the red day, we still had some great volume, so maybe another few weeks of consolidation around the .004 area and then some merger or acquisition news might stick.
I also hold to the theory that the company wants the price within a certain range when merger news occurs. If they wanted this to just collapse, why keep it sideways the last two weeks. If they wanted it to crash to .000s then they could have done it already. I think there is something being orchestrated here. Hopefully to our benefit. Though, I'll admit, at this point that is a BIG hope.
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