InvestorsHub Logo
Followers 170
Posts 8965
Boards Moderated 0
Alias Born 01/24/2011

Re: Devilsjoy post# 14781

Monday, 02/04/2013 2:45:40 PM

Monday, February 04, 2013 2:45:40 PM

Post# of 18730
IMO, we're seeing the early stages of dilution

My educated guess is that Iroquois is beginning to convert the $337K debt it's owed (this month) and is running the price up a bit so as to maximize their profit. This run-up in price is designed to entice new buyers to buy the shares that Iroquois wants to sell.

I wrote the following back on Dec 31, 2012:

Some here may be able to take some profits if Iroquois decides to run the price up for a day or so before beginning to convert the remaining 2012 notes and sell the stock.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82941822