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Re: swingbigbaby post# 5200

Tuesday, 06/14/2011 11:05:00 PM

Tuesday, June 14, 2011 11:05:00 PM

Post# of 13679
All good points.

Bottom line though is if someone in the company had 60 million shares which they received at a value of .0001 and sold them today at .0009 they took in 54,000 dollars.

You are going on the assumption somoeone shorted the stock 60 mil, I guess that is possible, find it rather odd that would be the case since the stock has really traded much below 0008 since late April. Anyone could have done a quick read of the chart over the last couple months and seen it was improbable that the stock price was going to go much lower than where it has been sitting.

Also since late April the float has traded at least twice so it is highly improbable there are many holders of common stock sitting out there who made much of a profit selling at an average price of .0009

So if it was not somoeone within the company, and it is highly improbable that someone bet 54,000 dollars that the price would drop below the 9's by shorting 60 million shares, then the only other answer is people got tired of sitting on their shares and sold to break even or at a loss.

I am guessing it was someone or someones within the company who had shares valued orginally at .0001 or so and wanted some cash and were sick of waiting for the stock to go higher.

Sure I could be wrong but I think that has a much higher probablity than someone betting 54k that the price was going to go low enough to make it worthy.

You are entitled to your beliefs in the matter though.