This is your typical pump and dump senario. Just look at all the PRs...at least weekly and some weeks it's daily. Not to mention fraudulent PR claims of the sale of once again another patent, as others have already figured out it's a repeat process.
While I have no interest in buying and holding onto ANY penny stocks in hopes of that huge profit some day, some year or some decade, I sure as heck will join in and profit from their pump and dump game. CHIN is the last one I would trust to sit and hold onto a stock for a buy back...lol. While some of you have high hopes of buying and sitting on these shares that will most likely drop to .00 again like in Apr 11 (most recent occurence), then flatline at .0001 for a month or so and will most likely never be bought back by the company or anyone else after the hype is over...good luck with that! I have profitted nicely from this company's stock since the beginning of Mar 11.
I only play with $1,000 at a time with penny stocks. I day trade...never ever fall in love with a company's stock, especially, penny stocks...it'll burn you in the end!!! I bought 10,000,000 shares at .0001 for $1,000 and sold them for .0002 for a $1,000 profit each time. I did this 30 times in Mar 11...that's $30,000 profit off the same $1,000. Hmm Think your gonna make that much with the buy back, even if it really does happen?
So far, since the 3rd week of May 11, I have traded my 10,000,000 shares 10 times...that's another $10,000 off the same $1,000.
I foresee this company's hype dying out this week, possibly as early as tomorrow based on the amount of people researching and sharing the info they have uncovered on this company and others under CHIN on this blog as well as all the other stock blog sites.
Good luck with your share buy back...hope you don't get stuck with shares you can't get rid of until the next pump and dump for this company, especially those of you whom have dump a lot of money on shares with high hopes of the buy back that will most likely not materialize.
Time to move on and locate the next pump and dump.
Good luck fellow traders!!
Cheers
