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Tuesday, October 02, 2012 1:28:41 PM
Simple, no follow thru to move PPS. Anything under 0.0075 is buying range if folks believe the stock will explode, going down from 43s to 33s on basically all selling is not encouraging. Who's buying them, I doubt all Ihubbers maybe some MMs.
Ask smacking has stopped. Unless that turns around lower lows in the future and then hate to say it, company messed up b/c possibility of 4th qtr fins gets closer and closer and possiblity of dillution will run most others off. Without a doubt, the company needs money to execute these LOIs and get things moving on multiple products. IMO, company is playing this to favor them not those who've been here awhile. Seen same stuff in 9 other pinkies, all now sitting at 0.0001. Only difference, those others had billions of shares in the OS they dilluted without investors knowing before it was too late.
I'm not negative but some have to realize other scenarios why the PPS isn't moving if ~127M float is such a big deal and no brainer.
All the best,
Briggsy
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