Monday, January 20, 2014 3:08:19 AM
I have seen identical scenario ( triple the amount of AS ) with Pacific Gold Corp by which the longs (incl myself) were complete dried out.Have a look at their ihub message board ( ticker PCFG). PCFG needed capital as well so they tripled AS to 3B. Next they dumped their AS -> increasing the float and price went down to 0.0001. Next an RS of 20 to 1, and AS dumping again - > price went down again to 0.0001. RS again of 120 to one, AS dumping again.
Above scenario in just one year.
I don't want to terrify all readers, we all want to earn some money. I just want to share my (bad)experience with OTC increasing AS with these kind of numbers.
cheers B57
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