Thank you Crusher2011...they are almost done!!!
I appreciate your comments and your explanation. I would give money to the company under those terms too. The only problem that triggered the drop in the shares prices, IMO, is that ASHER dropped the shares in the market as soon as they got them and took advantage of the savings and made the 70% discount back...At the same tine they reduced the share price so they got more shares to dump again and even more money with the extra shares...
In the last filing, it seems that there are about 40,000 dollar left to convert and I believe this is the last we will see of the dumping.
Notice the note that was payable in september 2011, it was bought by two companies and one individuals so they can pay back the 112,000 owed...
IMO the company was eager to get the money at any price hoping that ASHER would hold on the shares but these people had other plans and it is too obvious from watching level 2 and the day end sales and price manipulation. As far as I know I would keep away from any company doing this kind of financing especially with ASHER...
You may be aware that there is a mining fund that finances compagnies in the exploration phases. They too will sell their shares after the four months holding period so they bring the share prices down of the companies they finance. It is a vicious circuit.
They should be done dumping so we can move on... I will still pick up some loose shares here and there.
Thank you
kimopro
