Charlestowne Premium Beverages Inc. (FPWM)

[otterman]

1/2 mill shares so far is a fast start, but I prefer to wait for a whole day, at least. Many shares were bought in December and this could just be some of those folks bailing, I wouldnt call it a dump or major bail out yet.

When I look back at the past 3 months there are really only 2 stories that are significant (TVA and Nuytco), so I wonder what drove it up to .19 during that time? There wasnt a lot of trade activity then either so if it was for dumping purposes, why didnt they capitalize on it more?

Management shares are locked up till June/July, I expect to see something major happening before that. I cant believe they would lock in for that long only to sell at 3 cents again. The wind is still blowing IMO.

Keep in mind also that a sign of a promo about to start is a sudden drop in the share price and then large volume caused by their friends getting in. Might be wishful thinking but still a possibility.