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Re: otcinvader post# 26167

Tuesday, 09/10/2013 2:38:10 PM

Tuesday, September 10, 2013 2:38:10 PM

Post# of 44319
It's unbelievable to think that the longs here blame short selling. This cr-ap has lost almost 97% of it's value and short sellers might have made a bit of money on it.
The real reason it has lost all it's value is because insiders have dumped around 400 million worthless pieces of paper on loads of gullible people. Wouldn't surprise me if the insiders holdings have dropped from around 90% to less than 10% of the existing float. Imagine how many millions of dollars they have scammed into their bank accounts for those pieces of worthless paper.
Typically the next step will be to do a reverse split to depleat the amount of shares people own and then anounce another share issue to the insiders before the next pump. It's a well practiced and publicised method of screwing people.

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