Followers | 218 |
Posts | 38765 |
Boards Moderated | 0 |
Alias Born | 04/29/2008 |
![](https://investorshub.advfn.com/uicon/124390.png?cb=1464966392)
Saturday, June 16, 2012 7:19:27 AM
The problem for me is that it's clear someone or some group is supporting the price and has been doing so for years. And it's clear that when they decide to "stand down", the price collapses.
And from what I see of the chart, the next collapse is more likely to fall below a nickel than remain where it is now.
There's also going to come a time when those who really know what's going on will no longer be able, or want to, support the price at any level. That will leave a lot of retail shareholders with large positions to unwind and few buyers for hundreds of millions of shares.
At least that's how I see it. I have no objection to seeing how things "shake out" next week, next month or next year. I merely take issue with your POV that it's cheap right now.
I'm not even sure I'd accept 1 cent a share, roughly the book value (depending on the actual O/S) is "cheap" given the lack of information made available by the company.
Good luck.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM