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Re: Renee post# 94027

Friday, 04/29/2011 2:05:27 AM

Friday, April 29, 2011 2:05:27 AM

Post# of 103340
Renee..That all sounds good..but I don't trade online..
I trade through a live broker..You see he placed my trade and watched for it to show up..It never did..He placed it again and again it didn't show..He then called the MM and told them to get off their behinds and do the right thing and low and behold it showed up and went through as a buy at the ask..I am not the only one this has happened to..My broker saw it for what is was and reported it..

I need to respond about the many posts you have submitted that keep saying that management are to blame for the run up to .03 and then its fall..First..I would like to say I disagree and agree..

The disagreement comes from the fact that when investors and traders knew that the PR was coming soon about the new product..The share price started to move up slowly from .015 on 9/7..on 9/10 it was at a high of .016..9/11 the high was .019..on the day before the PR the high was .033 but settled at .022..Now you know as well as I do that the majority of posts and trades on the day before and the day of the PR were from traders coming on board because of the momentum move up..Anyone can look back and see posts from some that never posted here before..as well as the many posts on other trading venues..much like this week..To carry it forward..on the day of the PR the pps hit a high of .039 but ended the day back at .011..

The point I am making is that management didn't cause the pps to move up into the .03s..investors and traders did seeing the big moves..After the PR..It was pure profit taking by some investors and by even more traders..

So the two days where the pps hit intraday highs in the .03s was not lasting..The pps actually hit below a penny just a few days after the PR..management had nothing to do with that..So the continued reference to the company causing the spike to the .03s is not supported at all by what actually happened..

I do agree that dilution has been a big factor over the last year to keep the pps going lower..but I also know that during that time some traders were helping that to happen by their own admission..

Now the part about the company selling shares at a discount..The last we heard the company actually sold shares that were above the existing PPS at the time..so that whole topic is pure speculation..The company has said that they will put out the forms and the filings when they are ready..They also said why they didn't put them out when planned..

I am quite willing to wait for the company to put them out on their own schedule..which is when the balance sheet is cleaned up..I am hoping that the economy does pick up as the continued fuel price increases are eating into every company that delivers products to customers..Even the big caps are geting whacked by increased fuel price increases now..

In any case..the company has shown signs that they will not stand still and watch the company go under..The move to get CIMA couldn't have come at a better time and adding NRS doesn't hurt one bit..

GLTY...veno

To each their own..do your own DD..and the longs win here..All others are non shareholders or flippers..