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Wednesday, May 26, 2010 7:04:53 PM
If you look at the last year, the steady higher volume in the millions of shares traded started around December and we have seen a consistent decline in pps. The 6 months before that, where pps was at its highest, there were barely 20,000 shares traded on most days. A few days here and there traded millions, but even the days the pps went to .15 there was 3,000 - 16,000 shares traded.
Looks like people are getting pieces of the million upon millions of shares and they are becoming unrestricted, getting sold and pps goes down. I fear that there is little end in sight as the outstanding shares continues to increase (50 million in a month) and dilution is driving this down.
The Peck deal is a step in the right direction, but it barely generates $200,000 in net income....add that to the Commanche haul and net income is less than $1,000,000 for a company that is in dept millions and authorizing outstanding share numbers up to 3 billion.
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