InvestorsHub Logo
Followers 0
Posts 64
Boards Moderated 0
Alias Born 04/27/2010

Re: None

Wednesday, 05/26/2010 7:04:53 PM

Wednesday, May 26, 2010 7:04:53 PM

Post# of 2398
higher volume has resulted in a steady decline.

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.