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Friday, January 13, 2006 1:09:01 AM
I spoke to a broker (old school who hates pinks). He didnt seem to think the wild action the other day was out of the ordinary. He suggested a smaller MM like FRAN probably bought millions of shares at SRGX's low (.018-.025) and knew the news the day before would give them a great opportunity to dump into major volume. they made a hefty profit and reduced their risk and either took cash or have an eye on another small 3-4 bagger.
All in all, he didnt think much of it and said it was typical MM manipulation so prevelant on the Pinks. One thing I found funny was the more we discussed the stock and I reviewed the websit with him, the more intrigued he became. He know wants to call Bryson and pick his brain. He wants expenses and break even points and revenues to date, which I doubt he will get answers to.
He was also intrigued by the fact that SRGX was to go fully reporting status. The icing on the cake was at the end of our meeting he said "You know, you might be on to something here."
Long and strong on SRGX
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