Thursday, October 14, 2010 8:42:08 PM
Everyone seems so quick to call this a scam and maybe with your experiences with penny stocks rightfully so. You all seem to think Monk has orchestrated a P&D and whew - has flew the coup! One problem with that though, the man has his reputation, or what is left of it, at stake.
Consider for a moment, that maybe, just maybe, the company just f-d up big time without any malice or intent to deceive their shareholders. There was no huge sell off between .44 and .15, maybe 5-6M shares? We're talking a million dollars or so? LULZ...
No doubt declaring the dividend, which was unnecessary in the first place, put their credibility on the line... and they failed to deliver. Who can deny that? But a failed attempt at a good gesture does not equate to a scam. It just means they didn't do their homework on what was allowable to be given out as a special dividend.
A lot is riding on the next few weeks and months here. For one Monk and his newfound business success with Monkinars, Monk's Den, Trading Platforms, etc. could very quickly go down the toilet. There's also a nice little upstart company with a world of potential that is actually trying to do something good for their shareholders, who maybe, just maybe made a honest mistake. No good deed goes unpunished.
While everyone is so eager to jump on what they presume to be malice or a scam, let's give a little time for Monk and EIGH to right this ship and see how they respond to this major league faux pas.
I, for one, believe they have every intent to turn this around.
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