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Re: Toxic Avenger post# 3298

Wednesday, 10/24/2012 2:38:59 PM

Wednesday, October 24, 2012 2:38:59 PM

Post# of 8799
True, but they are violent enough to cause the shorts to cover and push prices up even further. Now that's something I would pay good money to see. I'm not really sure what kind of news could cause a powerful move like that to the upside. The only thing that comes to mind is if Carl decided to forgive the debt of the company, and make up what he is owed in increased equity value of his 10+ million shares. The other nice thing about that kind of news is that it would be so fundamentally positive that I doubt the move would be as you say "short-lived". Remember there are only approximately 20 million shares oustanding. Carl owns 10+ million. I believe that there may be another couple of million in strong hands, which leaves only 7-8 million shares in the public float. That's a recipe for a parabolic price rise, don't you think?

Unfortunately, those big moves up are very short lived and followed by very long periods of moves down. And with no buyers, the ask just keeps falling.

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