SLOB, I would like you to consider a few things from another point of view.
1. You have been the most consistent individual who has backed up everything they have encouraged other people to do - buy on the ask. No hypocrisy, for sure. I respect that. We are just at opposite ends of the spectrum. I think that unless someone buys 15-20M at the bid, the selling will continue to drive the pps down. From my point of view, the seller is at fault, not the people buying. I look at the bid support as someone attempting to put their finger in the dyke before it bursts. It may not work, but imagine if no bid support was ever there, the seller(s) would have already driven this into the triple zeroes.
2. I can't speak for COMMON CENTS or NADLENDA and haven't even spoken to them privately about this (I was out of town when they resigned) - but, to tell you the truth, many times a company's pps starts going this bad, the mods are held up for ridicule; as though we had something to do with it. I've seen it happen on boards before and it can get pretty ugly. Hopefully, I can weather through this bad season and not let it affect me. The job of a mod is not to promote the stock but to enforce the TOS as fairly as possible. It's just that most of us here happen to be FOR the company instead of AGAINST it.
3. I, for one, also don't appreciate the off-handed way some posters will tell someone to quit whining...I wonder how they may react when they are down 80% or more, too. I hate to see good folks lose money at any time for any reason. I do understand that we are all big boys and girls and responsible only for ourselves. It still doesn't help people feel better when so many are down by so much.
4. As far as shorting most penny stocks, just for information purposes I asked my broker. I would need $2.50 in my account for each share I would short - in addition to the trade fee and the percentage they would charge on the total principal of the trade. On top of that, I need a $25k amount in my account to short ANY stock. I have shorted big board stocks - but I have never shorted a penny stock. I don't claim that it is not profitable, I simply think it is too expensive to do it to begin with. If someone has a lot of money, they could do it and make even more money - but it takes a huge outlay to short penny stocks to begin with.
5. I see the simplest solutions as usually the most correct ones. I still think some entity has a few million shares they want to dump. YOU would wait until the pps was higher. I would wait until the pps was higher. Most people would wait until the pps goes higher. It is quite apparent that the individual(s) who hold these share WILL NOT WAIT for some reason. They are driving the price down because they/he does not care. MAYBE - just MAYBE - they are trying to tank the company so Howard can't continue...
6. I hated the share count from the beginning and didn't trust it. By the way, I have only noticed a couple posters admitting that they sold - at least they were honest and posted it. They could have pretended to still be in; so I appreciate their willingness to be open about that.
Good Night.
Merry Christmas
All The Best
