Finjan Holdings Inc (FNJN)

[Ecomike]

I am starting to think the serial dilution loan sharks behind COIN overplayed their hand. At the rate this is dropping, they will loose their shirt too by the time they get rid of their massive hoard of new shares. Not even sure they have had time to convert their shares and get them to the broker to sell, but they may have? If they have converted, my guess is they are adding to the other sells that want out. And I can not blame them.

My best guess here is that we go sub penny next in a nasty sell off panic, where everyone runs for the exit all at once now, this summer, who knows maybe this month. But I suspect it is heady to .01 by July 2011 now.

Most of the Terra to COIN shares should be sellable also, and I suspect the massive share dilution from the last debt conversion is done.

The CEO here should be tarred and feathered for his incompetence IMHO.

I also suspect they will do a 100:1 R/S when this sell off bottoms, and try it one time before they BK.

It is time we put all Wallstreet CEO's on straight commission, where their salary depends on sales and profits, and not on PRs and other future looking lies!

Next good news to drive the sell off should be NASDAQ de-listing any day now.