i appreciate your time and thoughts.
it just seems that these guys obviously have money and if you consider what they are trying to build, the shares even at $2 should be considered cheap in their eyes. the majority of shares you would assume would be in the strongest of hands, management and people in the 'know' that are getting their blocks from the company.
there was only a couple hundred thousand shares unaccounted for wen the shell was taken over, so someone sold somewhere, and the only reason i am assuming the selling is continuing, is because even if all the 'in the know' shares were maybe dumped at much higher prices, you would assume that by now, it would have bottomed. yes some will hang on as long as they can take it and then dump adding to the selling as its going down, but one would assume there must be a large amount of shares out there to be bought out the market considering anybody who is pro the company wouldn't have sold. I mean your an assistant mod, how long have you been here and how far down are you on your first purchase? I bet your still holding them all, so why isn't the pipeline drying up?
$100k at .02 is 5mil shares and we've traded double that in the past four days or so. They could have been bought by someone in the know, but it seems like 5mil shares wouldnt be enough to turn it around. then that begs the question, how much is needed to be bought out the float 10M?, 15M? and why were so many sold considering the company started with only a few hundred k in the float and the price "should" be far higher than its ever been?
