Again, the forum 'talk' is not bringing the price down, but the massive dumping of the shares that were accumulated prior to the pump certainly is. All anyopne has to do is look at the book value of the stock to kn ow it is a bad buy. Negative book values for companies with net losses and limited cash to burn should tell anyone to stay away unless they have some inside info about the direction of the company. IMHO
The way it works is this:
A company buys cheap shares (or real world value shares) of a penny stock. Say they buy 15 million shares at .02, that costs them $300k. Then they pay the moderators here and others to do a massive pump campaign that has all kinds of implied promises, but always covers the liability side with posting IMHO here, and broad disclaimers in the email marketing (this is for entertainment purposes only, LOL). Then unwitting investors push the price up quickly to .08-.12, where the company sees the pump maxing out, so they sell their shares at an average of .09 (some at .12, some at .06, giving them a gross return of $1.35MM less their initial investment and marketing (read 'pump') costs of $500k, they net out $850k. Not bad for three weeks work. IMHO
I am only here to warn the regular individual investor that all the news and DD and fancy terms thrown around are really only here to mask the true nature of the company, and that is this stock has been in the pump and dump mode for the past three weeks or so. Without more naive investors randomly buying this stock, and without the pump email and forum campaigns, the stock haws very little real value, which is why I say it is headed back to .02.
IMHO!
All the people still thinking I am here to short shares, I can tell you I am not, and I don't even need an IMHO to cover myself there! If you feel this stock is undervalued because of a vague "engagement" of Cameron Hood with no business plan or funding to do anything of substance (such as making a film), then by all means, buy up the shares. There will continue to be market pressure to sell these turds rather than buy them, and that my friend is what is making the stock drop. IMHO!
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