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Saturday, September 29, 2012 1:34:12 AM
But it sort of amazes me at the person(s) responsible for selling on the bid to continue to bring the sp down. What gets me is the amounts of shares being sold at the bid. There are only a few people I know that have that many shares (from before the R/S) that can sell without affecting their overall share count.
For example:
500,000 shares bought pre - R/S @ $0.004 cost: $2,000. Which in turn after the 80-1 R/S left them with 6,250 shares. Now, to go and sell those same 6,250 shares on bid @ .08c - .09 would only net them $500 - $562.50, a loss of $1,437.5 - $1,500.
Someone please explain the logic to me. And don't try to claim "Share dilution from the company". Because if, IMHO, there was going to be a share dilution...there would be a pump/dump PR released to allow the share price to go up in order to make it feasible for them to dump massive amounts of shares...in order to make it even worth it.
So I don't understand what is going on here. Or maybe I'm being to naive with it all.
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