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Friday, August 12, 2011 9:13:50 AM
We all know that the share price retraced when it was PR'd that we were giving away a free app until September...revenues delayed
Adding to the spiral, was OPMG filing that preferred shares were converted to 87M commons, and Frohman's 144 intent to sell
It has been obvious to me that insiders and/or OPMG have diluted since then as the share price kept going down to .03
since it hit .03, nothing has changed...no new DD has been uncovered
We haven't had a PR from the company that would trigger the recent buying support in the last 2 days....there is no viable reason for this to go back up.
With that said, I feel that the only thing that would account for the recent pop is that a "group" started buying us up and will soon take their profits...
IMO the selling has already started
I have always implored you to take profits when you can...this is a good time as I feel the recent trading will act more like a stinky pinky pump and dump as opposed to what we have experienced with OPMG in the past trading more like a blue chip stock
I believe this is short lived.
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Also....this board is fully aware that the Q2 numbers coming out Monday will be horrible....we may not dump because of it..... it is already built into our comfort level.
But...
Here is the problem I see. There are many invested in the stock that don't read IHUB....they are expecting a strong quarter and will be less than impressed
I look for another slide next week....coupled with Matt's Chart, this will not be pretty
IMO
Jimstr
Have you locked in profits yet???
Theoretical physics can prove an elephant can hang from a cliff with its tail tied to a daisy, but use your eyes -- your common sense ----
please DD before you buy or sell
Jimstr
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