Not sure what price's you are recalling but the share price was not 0.02 In August 2010 the highest it got was around 0.008. Even your math 0.02 to 0.06 does not equal to a 99.66% drop. But you are right the company is down significantly since last year and the company has issued a lot of shares to fund operational expenses.
Just because they wont tell you the name of the Fortune 500 company you think they are lying. Why would they post an update on 9/21/11 about the Fortune 500 company if they were lying about it?
Look, I get it! Your upset about the stock and losing money I would be too. But the company has not deceived you or did anything illegal.
Here is a real lesson you can take with you. Use stop losses! All these companies on the BB or Pinks are speculative and risky. In the future when you look at companies revenues and they are far less than their operating costs you can bet they will issue shares to fund themselves, so you should'nt be surprised by any dilution. The company is doing what it needs to do to survive and move forward, if you are fortunate to make money along the way great for you. But don't act like you don't know the risk involved.
P.S tell Bigfoot that his assumptions are all wrong, he should try using some facts instead of misleading all of you on Ihub. The 3.1 Million debt for the technology they purchased was for restricted stock not cash, to be paid over time at the discretion of DTRO.
And when he sees selling it does not mean the company is diluting the stock. The only way you can tell if dilution has occurred is comparing the the quarterly reports and subtracting the difference and even then you don't know who the sellers are. If and when the company issues any stock it is restricted from sale under Rule 144. So considering they just completed the R/S how could it be dilution.
So who do you think is the IR person on Ihub? Want a clue?
my reply
LOL
(attached a screenshot)
you said the share price was never 0.02 in aug 2010 and the highest was 0.008. above is the screen shot taken from my account. u can clearly see my transactions in last year july. this proves the IR of the company does not have enough knowledge on the share price of the company for which he is working.
regarding 99.66% drop. u said my math is wrong.ok
the price of 1000 shares @0.02 equals $20.00. now after r/s 1000 shares = 1 share=0.06
so (20.00-0.06) = 19.94 and 19.94 loss of 20.00 equals 99.66%. if u want to verify my math, please verify it in a calc.
and coming to telling bigfoot. i am not a messenger of dtro to tell him. who am i to tell him what to do and what not to.
and coming to ur display name in ihub. frankly speaking, i simply dont care about it. in the last email u said IR is not supposed to post in Ihub. and now ur asking whether i need a clue for telling ur display name in ihub. what does this mean?
and looking the trend i can bet, dtro may go for one more reverse split to back to 0.10 in near future.
i have invested in several pink sheets. but i was never screwed like this.
