Friday, April 23, 2010 8:15:40 AM
Your comment "some that really want it to go down" makes no sense to me. If you are an investor in a public company you never want it to go down. The theory behind your comment is because if it goes down people can buy more and average down their price per share does not work some sub-penny stocks. The reason this stock goes down is because the company's CEO keeps giving shares away so he can bring cash into the company. He has given away at least 59 million shares over the last year and that is why the stock goes down. He probably gave those 59 million shares away at a steep discount to market.
Your comment "something good is coming" is your hope that something good happens. Every investor hopes something good happens. Every investor wants something good to happen, but until something good happens the company stock price is based on people buying and people selling. All the buyers are buying because they hope something good happens, or the buyers are buying the stock back because they made all their money shorting the stock and that means that they are forced to buy the stock to cover their shorts. But this too does not work well with a sub-penny stock.
Good Luck I am done with my due diligence and no position.
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