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Re: StockWhisperer post# 1775

Friday, 07/05/2013 11:39:54 PM

Friday, July 05, 2013 11:39:54 PM

Post# of 49370
lux did provide good info on the store side. however, you seem to be in the same boat as he is when it comes to the investment side. even if you buy a few "milly" shares - it wont mean much if they end up with 2BB outstanding due to all the dilution and then do a 1000:1 reverse split.

a company simply can not ignore stock price especially when they have considerable convertible debt. they will not be able to get attractive terms and have to keep going deeper for funds. there is a reason it is called death spiral financing.

they have two quarters and they actually may be down to just one at this point. the fall from $0.08 to $0.0175 was too swift. the only good news for long term holders is the drop was stillon relatively light volume relative to outstanding. there hasnt been capitulation yet but it probably is not far behind.

if the company is legit (with respect to shareholders) they need to address it now and swiftly.
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