TR - I doubt that it matters that much what Ihub is reporting. Someone wanted to sell 100K and was willing in sell at the market. Whether Net-Man was the buyer or not (and I assume he likely is) as he has talked about long standing continuous low price offers to buy. Regardless, a buy order was in for 46 or 48K at .0082 yesterday and another in for 100K at .0062 today that got filled.
If John Doe, the new investor, goes in and buys 100K at .0109, he is likely to lose close to half of his investment if he decides to sell the next week. And that assumes he is the only one who wants to sell. If bad news came and a group all wanted to sell, we could easily hit sub .005. This risk is there. and it should not be glossed over.
The potential reward. We know this--but a silent, non-reporting company cannot be offset by a few individuals that dig out DD. This is only important to speculators like myself, who see tremendous risk here, but also perhaps greater potential reward than either you or Net-Man see.
Finally I was recently involved with DRYS--a highly hyped stock. My cost was $3.00 even and I got out at 2.83 with a 17 cent loss just before the bottom fell out. Others were hyping it to go the other way. It hit a low of 1.29 to 1.32 a day or two ago, with a temporary bounce back currently.
My point is that each person needs to make his own decisions about investments. This penny land is a treacherous place. We need to measure our losses, and there can be many here,and be willing to take them.( And also openly admit them in many cases. It is good for the soul). For most of us here are "borderline gamblers"--who dream of whacking out home runs. Sometimes this happens. Look at the Wild Card Kansas City Royals who have won eight post season victories in a row--and are now in the World Series. Dave
Dave
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