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Tuesday, January 18, 2011 8:15:45 PM
Experience trumps all as I've stated before.
This happens on every suspended OTC stock where the price will rise and fall and so will the emotions of the longs. The price is stagnant since liquidity is drying out. Every once in a while someone buys and it sends the stock a little bit higher.
I would expect the price to remain in this range with a slight decline and then several months later when the indictments are handed out, the price will plummet below a penny. At that point it's a guess as to how long till .0001(which is the inevitable).
There's really not much going on here other than waiting for the "company" to embarrass themselves some more with a silly email with absurd ideas of getting an MM to help with the 211 and the SEC letting them go.
It's time to realize that the SEC has suspended the COMPANY for fraudulent PR's which have been proven time and time again to be a just that.
No other "behind the scenes" criminal activity or anything of that nature. Just some investors never caught in this situation before or just never understanding the nature of these OTC stocks.
Got your Kool-Aid shoes on?
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