Good Morning Readers,
The day of reckoning approaches for EIGH. One group of people will be proven correct, and one group wil be proven wrong. Until then, all the dialogue is nothing more than pure speculation on what will happen. I must admit though, I have rarely seen a group of bashers that dedicated to taking a stock down.
The pink sheet market is full of companies, the vast majority of which are nothing more than P & D's designed to take money from people. Generally, the way it works is this: realease a bunch of PR's, drive up the price, sell a bunch of shares (dilution), don't follow through on PR's, watch price crater, reverse split, wait a few months, repeat process. If the TA is gagged this is easy to do. If the TA is ungagged, it takes a lot more effort.
Every company has their cheerleaders and every company has their doomsday prophets. I generally believe that most of the bashers of any stock are those folks that have lost money in some way shape or form. They most likely bought the company without doing their DD, lost their money and now are bitter and angry. So they lash out on a message board in an attempted to validate their belief that the comapny is a scam. Some folks take it to the extreme and go postal against all stocks regardless. All I can say is what a life they must lead, pretty pathetic if you ask me.
Let me give you an example from my past. Many years ago I purchased a company called UNQT. I bought in at .0004 a share on the hope that it would rocket to much higher levels. Well, it didn't and to my knowledge has been trading at .0001 for years. Now, I lost my entire investment. I mean I didn't even get to sell at 0001 becaue it was a no bid stock. My broker just wiped it out of my account and felt so bad he didn't even charge me the fees to sell it. Money lost, oh well. But you don't see me flooding the UNQT board day and night telling others I got screwed and they will to. You don't see me blasting the company day and night. Why? Well, because even though I firmly believe the company is a complete scam, I'm an adult and know wen to take my lumps and move on. No one here needs a faceless poster telling them they are an idiot especially when it comes to money. If folks want to buy UNQT, EIGH, or any stock, I say let them. We're in pinkyland folks, remember, you roll the dice and hope to win. But as with any gamble, sometimes you will lose and when you do it can be big. Accept responsiblity, take your lumps and move on.
So what does this all have to do with EIGH? No one bashes a bad stock, there is simply no reason to. Sure, you will always have your bitter losers trashing a company but most sane people don't bash good companies unless they have an alterior motive. With all the legitimate and proven scams out there to bash, why is EIGH getting hammered day after day? I'm not sure but in three days we'll all know the answer. Fundementally, I believe the company is very strong and will survive no matter what. When the going gets tough, the tough get going!
Oh...I bought some PNTV as well. Tucking that away for a bit.
Fly safe.
