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Thursday, August 25, 2005 10:57:31 AM
Look at the weekly VLXC chart. The first wave in the last 12 months of "pump and dump" started in Oct. 2004. The price was quickly pumped to $3.9 from $0.75. Then it follows with many weeks of distribution above $1.8 and then $1.35; Then there was many new shares issued at "low price". The second wave of "pump and dump" started in May, 2005. They took the share price to high $2. It follows with many weeks of distribution in the $2 range and above $1.5/$1.6.
Matin has to keep the share issuing details and financial deal details secret for everything to work out smoothly.
The result is many millions of shares were issued at around $1 and below and sold to the investing public at $1.6 - $3.9. That is no small change in my book.
I personally contribute to their bank accounts with several thousands of my hard earned money. I believe I am one of the more cautious around here. I'd guess many of you are in deeper loss (at least on paper) than myself.
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