ProText Mobility Inc (TXTM)

[tumbman]

I sold part of my position at $.0009/$.001 and now back on the bid at $.0007. If I don't get hit, I have more to sell if it goes higher. If it breaks $.0005, I will sell all remaining paper I own. There are 3 types of people on the bid right now;

1). people like me - understand companies like Protext that take money from lenders of last resort that end up causing the massive dilution because the company in unable to raise real money (making 10-30% each time, buying at $.007 and selling $.0009 several times over a few weeks isn't bad),

2). friends or promoters of the insiders (management and Board) that are being compensated somehow to absorb all these conversions (it's approximately $200,000 worth of buying and they have the liquidity to sell if it goes wrong)- BTW, these are the same people pumping it to get the regular guy in there and they are also selling what they buy when it goes up so they can do it again.

3). lenders of last resort putting in large bids to make everyone think there are huge buyers ready to come in. They get you to buy so they can be on the offer and sell their converted paper.