Wednesday, November 16, 2011 1:49:19 AM
You write:
the inaction of CAVR, and the destructive actions of some investors,
This is a penny stock. Didn't the company just hold an annual shareholders meeting and invite all share holders to come to Dallas for the meeting? Didn't they take shareholders to their site and show them what they are doing? Didn't they hire and IR person to keep investors informed as to what was going on. For a penny stock (most of which are just shells) I think that's quite a bit of action.
Not sure what you mean by "destructive actions of some investors". There are no investors in penny stocks. There are simply speculators and gamblers. I see nothing wrong with putting in bids to buy the stock at .011 getting executed and then selling at .013 or .014 (investing...making money). I own several million shares that are stashed away for any nice run that may happen but, at the same time, I have also been trading the stock. If you make $200 per transaction and trade the stock 5 times a week you make a grand a week. Not a life changer but a nice tidy little income. Of course this is only possible when large blocks show up. 200K shares at .011 is only $2200. 200K at .0125 is $2500 a nice $300 profit. One could have done that a couple of times today alone.
I see no reason to be mad at a little penny stock company that is doing everything it can to increase shareholder value. No they are not promoting the stock. No they are not making a deal with the vendor, but they have upgraded their equipment and are working very hard to begin pumping lot's of oil. If you believe in them and what they are doing then this is a great time to buy the stock and average down.
They have no control over what a vendor does when the stock the vendor accepted for payment of services goes off restriction and the vendor decides to sell it.
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • NBRI • Nov 4, 2024 9:00 AM
Rainmaker Worldwide Inc. to Assume Direct, Non-Dealer Sales of Miranda Water Technologies in U.S. and Mexico in First Quarter of 2025 • RAKR • Nov 4, 2024 8:31 AM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM