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Monday, July 12, 2010 9:46:54 AM
These people are unbelievable. Of course they aren't currently diluting. They already did it from Jan-March. They don't have any shares left.
"majority of the outstanding shares are in control of our shareholders"
I don't know where to start with this one. Are they finally admitting they dumped all of those shares last quarter on the open market? And in so doing, doubled the float to around 4 billion shares? Are they admitting that they lied about what would be done with the shares they diluted with?
They're blaming others for the depressed pps? They caused it, they are the "market forces". It wasn't from shorting. Even now they think people are buying their BS that shorting is still causing the low pps. I'm not sure what the average volume has been the past month or so. But, let's say it's 60M with half of that being shorts. Who shorts 5K of a sub-penny stock that will only give a few hundred bucks in profit? What happened to the mergers? What happened to that bridge loan? What happened to the share buyback? They bought some and turned around and sold it. These people belong in jail. JMO
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