Jim, do you have me mixed up with someone else ?
I have never had any discussion about how a R/S will damage shareholders.
I really was just having some fun at your expense.
I know the boat that you guys are in right now all too well.
You could be an old-timer and not have seen this kind of scam perpetrated before.
I HAVE, and my advice to you or anyone else who reads this post, is to stop feeding money to this PIG !
It is not ever going to recover to $15 per share and I doubt that it ever makes it back to a dime.
I have made a point to emphasize that this is a pink sheet stock where this kind of BS happens on a daily basis times over.
But this kind of sh_t happens on the major boards also.
I bought warrants to a high flyer in 2005 on the AMX.
a 10% OWNER/INSIDER cashed out at the top and the PR that sent the stock into the ozone was proven to be pure crap !
5 years later when the share holder lawsuit settled, my cut of the settlement was less than the cost of the postage stamp to send the claim form. I lost thousands, the insider got no jail time. If he had it would have been in a Fed Pen which is only a half of one step down from a country club.
When an insider of a corp sells off their entire holding of a stock on a major exchage it triggers an investigation by the SEC and they halt the stock from trading automatically. When it resumes trading the stock plummets immediately.
When insiders sell, by law, they are required to report it to the SEC, unless your last name is Bush, if the company trades on a major exchange.
PINKIES AND OTC STOCKS ARE NOT GOVERNED BY THIS LAW.
You can learn from the mistakes of others but most people are like me. Hard-Headed and have to experience it for themselves.
Jim, you are not going to win this decathlon.
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