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Re: upstartco post# 7202

Tuesday, 05/29/2012 12:13:11 PM

Tuesday, May 29, 2012 12:13:11 PM

Post# of 26485
Your post is chronicle of pain and agony the most old time share holders had endured for the past 3 years. The part that I'm baffled, Jimbo was so smart and shrewd CEO when he had to dump over 400 million shares in span of 6 months (July to Jan 2010) at an average price of lets say $0.005( I think there were more shares and I'm taking a lower avg. price), what happened to that $2,000,000 that he raised for the company. Jim is blaming the demise of the share price to short sellers and scammers of the pink sheet.

"We have done our best to keep the stock price, but it is impossible. Every time we released good news, and we are always pressed by investors to do so, the stock plummets because of short sellers"

Is he forthcoming? Don't you think it was the massive dilution along with good news that brought the share price down, and not the short sellers! And now we have to be worried about his phobias about imaginary short sellers? I think Jim is one heck of a charlatan!!!
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