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Sunday, March 30, 2014 5:21:45 PM
At least the CEO was honest in stating that he has no idea why his stock saw such high volume and ran so much.
He's not aware of why, other than to speculate that a large firm goosed it to stimulate buy side interest & volume so that they could profit from the move they sparked.
I like the fact he's open enough to discuss the realities of why EMJI moved, and to also confirm that the O/S is still very large even with the 3B reduction.
Hats off to him for speaking the truth.
Short of an improved website, I'm not really seeing a catalyst to move the shares higher
Below is the email from the CEO:
Feel free to contact him to confirm it's authenticity.
Robert Atwell (bob@emaji.com)
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Picture of Robert Atwell
Thanks for your email. There has been no news releases since the share retirement release a few days ago. Lots of volume, however there are lots of shares outstanding. These types of stock by nature are very risky in that sometimes they move up or down on little or no news, and sometimes they do the same with significant news. I know there has been a lot of interest in the company as of late as we have been receiving numerous phone calls, etc. My suggestion would be to watch any stock like this very carefully as again these types of stocks are risky and can move easily in either direction, sometimes at the whim of a particular brokerage firm, etc. with or without any basis for those moves in volume and price. We are working toward becoming a fully reporting company and as the business grows hopefully the market will find its footing and become more stable. In reference to the website, we are working on the full rollout of the site and as such there is just a placeholder at this point. We will be making an announcement when it’s ready to go live. Thanks again for your interest in the company.
Robert P. Atwell
Robert P. Atwell
Chairman
Emaji, Inc.
8001 Irvine Center Drive, Suite 400
Irvine, California 92618
T/ (949) 831-3784
T/ (714) 264-5866
F/ (949) 831-3710
bob@emaji.com
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