American Asset Development, Inc. (fka AADI)

[otterman]

Certainly a healthy pullback. Profit taking too? Reread post #78. How will they get to that $1 share requirement? Asset building would be the most beneficial to the shareholders with which we could see the stock price move all the way up to $1 (by the end of the year?). This seems to be the road they are taking presently. You must also consider a reverse split. Considering they may want to get the O/S to back around 10 mill, currently with 300 mill O/S they would have to do a 1 for 30 split. Given that $1 divided by 30 = a .033 share price, leaving less upside from the current price. Any issuance of new shares will further dilute that. Lastly there is market sentiment and euphoria which can drive a stock price to ridiculous levels for no valid reason.

Keep in mind that these are only my thoughts and I could be totally out to lunch but I feel this is information that everyone should know and consider. Make your own judgement call and best of luck in whatever you decide.

At the moment there is little support on either the buy or sell ends. I have also noticed the higher asks above .07, another run coming up?