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Tuesday, November 19, 2013 5:04:43 PM
I am not able to reply privately. How do you know so much about this stock? It has to eventually stop being converted. What about the revenue??? Those aren't bad numbers compared to what I've seen before.... Seriously"
Because I fell for it hook line and sinker when it had but 8.5 million shares outstanding and could'nt for the life of me why it would not go any place but down.. I thought I had done extensive research and DD BUT,, I called the company three times and on the last call I asked a nice lady why I couldn't get a call back.. She replied if She could help and I asked her what were the shares outstanding were and she told me 23.5 Million.. At that time I owned almost 2 Mil and the stock was trading in the Pennies.. Several on the Board had more shares and swore that there was a short interest that was big enough to create a corner on the market..
The next day I got a call from Solkin and he told me not to worry because the most anyone could convert to was 9.9% but left out the fact that if they sell any shares they may always be replaced.. Soon the shares hit 30 Mil but by that time I was out of my 4% inital interest in the company.. Here I was worried about geting to 5% and having to file not knowing I could never be there.. So It has continued and even tough the stock sometimes never trades 10% of shares outstanding per month the conversions continue.. The company is controlled thru the preferred so ownership of the company is never in doubt..
About 3 times a year a new group or letter comes which excites a new group looking for the pot of gold at the end of the rainbow and shares are bought in ernest but never enough to let the stock move except on the first day before the conversion stock hits the market hard.. This is but a typical push..
I have decited to move on As I trade in over 75 stocks at present which are highlighted at my board on the bottom of this post and while this helps some I see no reason to try any longer to help those that refuse to listen.. Se Ya at $0.0005 when it will be time to reload and wait for the next push.. hank
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