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Monday, November 01, 2010 8:58:16 PM
Heres an example situation to ask Watson about. Lets say GRDO needs $400K in loan amounts. That would be 40 million shares at a penny if volume existed. GRDO has not proven any worth to support share price. Mr X comes along and says Heres your $400,000, but I want $400,000 worth of stock at 0.002 or much less. The deal is made and The company would then hand over 200 million shares for the $400,000 needed. The holder of the shares can now sell them on the market to recoup as much loan as they can. Many times very very fast with no care to shareholders. This is the way of most pinks. Once the loan balance is recouped by slow selling and people not believing what they are seeing, the holder then dumps all remaining shares and cashes out. Company got some cash, investor makes big cash, and the longs screwed. Bounce players make a few bucks and then sadness become reality. They drug you guys around for too long, and that makes this more shameful. Its smarter on their part because Mr.X may have experience in selling too early before, and wanted to keep this deal cleaner than others.
Bottom line is even if the company uses this money to advance the company, they now need to make the company worth double the price nobody knew it was worth to begin with. think of the market capitol when this was at 0.017. Now imagine how are they going to prove its worth double that hypothetical price when they never proved it to begin with.
Because everything is sort of like something else.
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