As i've said before someone keeps this price down, when they can. I completely believe it is someone who owns a lot of shares. If they keep it low they won't have gains to pay taxes on or at least minimize those. The other reason that makes sense would be to wait out others and pick up those shares as people become disgusted with lack of stock price performance and sell-out.
There are 3 things we now have working against us as far as stock prices go that, in my opinion, allow this to continue.
1. not fully, openly addressing the whole swine flu kits thing should be addressed and info describing that we do or do not have any outstanding exposure to that; because if anyone bought one and have not been returned their money or signed any agreement not to sue for false advertisement; that is still looming out there. ( i don't think the company purposely advertised "a cure" but obviously the person responsible for that news release did. )
2. the lack of level II quotes is also a burden since individuals cannot see what someone is bidding and offering (unless they subscribe to those which costs a monthly fee) so if you are not into flipping penny stocks or trading regularly there are no clues as to what or even if you can sell or buy this stock.........I believe pinksheets charges a company about 3,000 per year to post those on a companies page. Publicly listed quotes contribute even more transparity.
3. as we read in the post before the newly listed financials the fda has sent RBRM a warning letter and we responded with a 90 something page response. Maybe it's just me but that would throw up a redflag if i were considering buying a stock and definately not prompt me to pay a higher price than it is currently trading at. Yes, I read why rbrm received the warning but one person's perspective and the fda's is not solid info to base investing money on.
The share price didn't drop because of becoming up to date with financials, the share price dropped because someone wanted it to; obviously someone with an incentive to do so. The best way to stop a theif who sneaks around in the night is to turn on the lights to identify the suspect, otherwise they will continue returning to the place they know they can benefit from.
My offer still stands Mr. Phillips, obviously you are a very talented individual but wasting time and energy and focus on trivial matters like a price drop on a $3 stock sale is completely wasteful even if putting the post on here was free.
AI
