InvestorsHub Logo
Followers 5
Posts 1400
Boards Moderated 0
Alias Born 10/28/2011

Re: gulfwatch post# 2568

Tuesday, 02/12/2013 10:30:27 AM

Tuesday, February 12, 2013 10:30:27 AM

Post# of 50023
BK courts take forever. Even this 750K is only a first drop in the bucket to get the thing flowing. With the creditors in the millions, I am sure they are still working out who gets what before the court will approve any kind of resolution. Have you ever heard of a fast BK case involving penny stocks? See ya in another 2 or 3 more months. Any movements now is just the CEO making some noise to get volume moving. After he runs out of hot air, it drops again.

With all that said, stock should be much higher than current levels after the deal is done. But when??? Investors in pennies are not long term holders (even if they proclaim otherwise). If the CEO lets the stock drop without screaming BUY-THIS-STOCK-WHILE-CHEAP-SHARES-ARE-STILL-AVAILABLE, then the stock will fall again to 4 cents where I will scoop some up for another short term trade.