In Ovations Holdings Inc. (INOH)

[jrf30]

It was pretty disturbing to see that they are $140K in arrrears on the boat payments. More than anything else, that looked bad. ALthough a close second was that the company sold 444MM shares, almost 100% of what was outstanding before that, in the past few months. Doubled the size of the company, at least in stock, in 3 months. Diluted the owners that own by 50%. in 3 months. OUCH.

Those two things tell me that even if it hits trip 0's, I'm staying out. NOt worth it. At ANY time, a notice could come out saying the boat has been taken back, and they now have nothing. that would end the company. Chart or no chart, when the company goes belly up, the stock goes to zero.

So I'm not looking for a re-entry point any more. too much risk, IMHO, to own this stock, if they go under while you still own.

And as for th epost saying "why is the price holding at .0015-.0025? If they are dumping, at the current volumes shouldn't this PPS should be spiraling down to the .001 and trip 000's? If it's mostly dumping and no buys, then this should have tanked. IMO "

Dude, it was at 2 cents a share 60 days ago. It is now at 1/4 of 1 cent. That is down 88% in 2 months. that is not "tanking" in your opinion? Because it is not down 95%, and "only" down 88% you think it means it is still good? I don't understand that. Second time it looks like you are taking something and subjectively changing a fact to make it sound reasonable in your mind. Down 88%, from 2 cents, which was already down 90% from 20 cents earlier, which was already down ... well, you get it. But ANOTHER 88% from 2 cents to .0025 is "tanking" in my book. Which is why I sold at a loss at 0.015 and am glad to be out. Sounds to me after reading the report that the company is close to folding, and I can't believe they sold so many new shares in the dying days! All my opinion, based on the report they just filed

I'm gone. This report showed me that this is not worth my time, again for the reason that they could be shut down at any time imo, and i don't want to own when it actually happens.

Catch y'all later on some other board.