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Friday, April 08, 2011 4:17:49 PM
I traced their AH activity(usually share dilution to note holders off the market, recorded as AH), they continue selling shares at 0.0006. Once these shares are tradable and sold to market, guess what will happen.
Can the note holders hold the shares and trade like us for upside? they don't do it, they get shares 50% discounted. 0.0006 hit in AH means, the note holders get shares at 50% discounted of 0.0006 price. which means, 0.0003. Anything they can sell, is 50%~150% profit for thme. That's why you see most of bids on 0.0003. Because smart traders or insiders know, the price for current note selling price is 0.0003.
Time will tell.
Below is just today's AH volume, everyday is the same.
https://picasaweb.google.com/lh/photo/3A-bUId634cBMR3Z6GFrWg22gT1jL7MZxPG1A2D2xS0?feat=directlink
I would not touch this stock because this is typical way they sell into AH for cash after r/s. most of time, it goes back to 0.0001/ 0.0002 for bounce or another r/s
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