There are 6599 shares that are considered FTDs as of 8/26/2011. If there were a billion it would say 1 billion as the current number as of 8/26/2011. Those huge numbers in 2007 were when the price was .000x.
Example from the dump page:
20070801 121837774 (Share price was .0004, $50k in FTDs).
I don't believe there is shorting going on in a large scale ( more then maybe a few million by a MM). In pink sheets that is an easy out as to why a stock isn't performing. It's also used to convince holders to "fight off the shorts, don't sell, don't allow others to borrow your shares, etc...". and in this case an attempt to bring in new buyers looking for a huge short squeeze. I'm all for new buyers, but those type of buyers will exit fast once reality sets in that there in fact is no short squeeze, although if there are enough convinced there is, they themselves can cause a spike. I guess we'll see.
I think the trading range has been in effect set by Scott. Scott has been repeatedly selling shares at .02 (for 3 years now, and now the HKHE deal is basically .02). Why not do private placements at 30 day market average, etc... If he could have sold shares at a higher price, more work could have been completed with that extra cash (or less shares sold). He also would have a reason to promote the company if he raised capital based on market value. If big investors ($100k+) knew they could just buy at .02 why would they buy in open market. That would be another reason why there is no bid support in large numbers (1 million+ bids). During this entire year there were only two times where a bid was greater then 1m (.035 and ~.038 in june). I think I even know who that bidder was (Hacker1 dude that flipped 2 million shares). At this point it doesn't matter anymore as there are 10 million or so left in a/s which I suspect has already been used issued at .02.
Hell SRSR could actually have been facilitating shorting, a smart investor with the capital could short in open market and then cover via a private placement or issued for cash shares. Why not? I've mentioned the fact that all of these issued shares are out there with .02 cost before and gotten responses that they are all locked away in strong hands, but how do you really know that?
Enough babbling from me, I've been thinking about this a ton lately. Can't believe we are down 50% from highs after the large amount of shares bought at .05/.06/.07, and then nothing, no bids and 1/2 the volume to drop 50%.
AI
