Thursday, April 07, 2011 1:28:42 PM
I do think that there are alot of shareholders that are really fed up with this Garth and this stock and that are right now upside down.
I think that with the no bid status which exsisted for so long before the RS, that a number of them bailed just so that they could get something and move on; and, I also think that there are shareholders anxiously awaiting upward movement so that they can: - a) minimize losses and get out; b) break even and get out; c) make a profit and get out - with the operative word in all scenerios being "Get Out".
So then I ask myself, who does not want this to happen and the answers I come up with are Garth and the MM's. Garth is the easy one to figure out...I think that Garth has dug himself such a big hole that the last thing he wants is disgruntled shareholders taking off with cash, before he gets an opportunity to turn back on his ATM Machine. Confidence in him for numerous reasons has reached an all time low, and he could have difficulty attracting new money.
With respect to the MM's from what I understand for at least 30 days while the "D" is in place, Garth cannot dilute, so does that not mean that the MM's have 30 days to make their play/money? Since the shareholders do not believe in Garth and ICBS/ ICBT is it reasonable to assume that neither do the MM's? I am new to all of this, and unfamiliar with charts, Level 2 etc., but I did read somewhere about a week or two ago that if the company went under, that MM's do not have to cover their shorts? Is it possible that ICBS is worth more at this point to the MM's dead than alive?
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