Biocentric Energy Holdings, Inc. (BEHL)

[asdgwest]

Proof. Denass dumping shares.
Today he sold CDs around 40M to debt holders.

Since the last breakout, he converted convertible debts to shares, 300M~400M shares, which seems like he diluted all the remaining shares in A/S maxingout 1.5B. These shares will come out soon to market by Debt holders selling. Since they get 30%~50% discounted(I don't know the exact rate they have, someone tells me), the debt holders will keep selling the converted shares to market until the stock price reaches the price it's converted.

The opening stock price was 0.0028, with 30%~50% discounted, it's around 0.0014~0.002. The technical bottom is 0.0015, which matches. Since he maxed out a/s, he probably have to raise A/S again in near term once they run out the cash.

Never believe Denass, he knows only how to sell shares with pumping, definitely not a businessman.

Look this chart, OBV (buying volume) going to deep hole with all huge selling volumes, today 48M(it doesn't show on regular trading window because they dilute in AH), even deeper than the day before breakout. This proves the PR about multimillion contract with unnamed client(later it turned out to be a pink company nobody has heard) was pump and dump. With this OBV, I don't expect, the stock price to hold support on 0.0019.

http://picasaweb.google.com/lh/photo/QNQ99FbNt3WxpyoHYDVwGA22gT1jL7MZxPG1A2D2xS0?feat=directlink