Well, it did hit a new 52 week low like i predicted back on June 10th, but there wasn't a bounce off of it. Maybe the bounce will happen tomorrow.
Definitely a large amount of shares were sold into the market today for not much money, maybe 30 or 40k bucks. At some point they are going to have to do a reverse split to get this thing up to a more liquid and tradable price range. It is inevitable as far as I can see as I estimate the outstanding shares, options, and warrants to now be in excess of 1 billion and probably closer to 2 billion fully diluted. I doubt we will be provided this information as facts anytime in the near future, and they may be wise to reverse prior to any sampling results being released.
Hopefully they will dig up something that will make the claims have some legitimate value before they have to sacrafice current shareholders equity. I'd love to trade this one on some momentum, but would be nervous holding with current situation.
Whats it going to be diamonds or rust?
Robert
There are no good stocks, only good trades.
