PureSafe Water Systems Inc. (fka PSWS)

[thesmalls]

while you are soaking up shares at $0.16 - mgmt/insiders are dumping shares they converted as low as $0.0009 per the last 10Q.

meanwhile - they still have not announced new financing, have over 1BB shares outstanding, a CEO who is in complete control of the company, over $5MM in debt, one unit in inventory, and a couple hundred thousand in cash per last 10Q.

the last round of dilution increased outstanding shares by 30-40% and only raised $300-400K in cash. that doesnt fund the SG&A for a quarter let alone buy parts to build product.

so - why is this a screaming buy? just because they have been riding the water wave for the past 5-6 years?

for anyone considering this more than just a quick play - read and understand the 10Qs and past PRs of the company.