RJ....first and foremost please note I am NOT the most experienced "trader"....haven't seen you here long so don't ake my words as gold...everything is IMO
Hopefully I can put together a complete picture of what I see. (think I see)
The PPS never got upto .0165...so I couldn't buy at that price.
Almost eveybody here is out of CASH and has their comfort level for this investment is full. Now if I go and buy NITE at .014 and take more of his shares he is forced to lower the PPS even more so that he can get his shares back by creating a further sell off.
This individual or group desperately wants more shares. So buying theirs does NOT help the PPS as it forces them to push further down.
If you knew how to read and comprehend the filings you might actually see that this is going to blow up.
If you notice in the headed a post by COMMONCENTS (its a PR March 28th) about the retirement of convertible debt. It states 3million CASH and 55 million shares....do those numbers sound familiar to you (most recent 8K's)?
I see this as an opening of the books of the mezzanine financing mentioned on the March 28th PR. Just like all the recent ammended filings of the financials....which are/will be required for the move to a bigger board. I also noticed a stipulation in the 8K that stated NO selling of common stock will be allowed, including warrants, etc. Why? becuase that would be taking on toxic debt again. What did MP say? That they would be Cash Flow Positive and NOT have anymore toxic debt.
NITE wants shares super, duper, duper bad. If any buying pressure arrives in the coming days this thing is going to run....because NITE will be forced to chase as well....he doesn't have enough shares to continually to sell and hold the PPS down with a major buyer/buyers in the picture.
Again.....as I have said before: I interpet all the filings including recent financial ammendments as a clear and open conversation with the SEC. I will also include the recent 8k's. I will also conclude that MP is doing exactly what they have said they would do in the PR's. Bring shareholder value!
Somebody is desperate to get their piece of the action back....maybe they sold too much of their position on the last pump we will ever see that got rid of all the warrants?
Good Luck...hopefully this makes sense.
If you see any major erros in my guess, please let me know....I'm still learnig.....hopefully NOT the hard way (by losing all my money)?
