False Statements saying they were paid in shrs...400k or 4mm shrs for a FAX BLAST...LOL
Thats about 80times what it really cost...rediculous lie..
The mm's clearly did this to scare sellers by thinking we are diluting and faxing to get investors when CLEARLY THE COMPANY STATED NO SELLING AND NO DILUTION AND 25MILLION IN PRIVATE FUNDING
Because the fax said it was paid 4 million shares. That is dilution and the company throws over 400k at a junk fax? Not a realistic price on the fax either. Emotions drive investors to dump at such an idiotic claim and an idiotic fax.
The fax gets a hold on the investors emotions and they sell.
The company is the victim because they did not do the fax and the investor is a victim because he sells his shares and a shorter covers.
A great potential upside day is replaced with panic selling and short covering.
sandbath, I am courious as to how many people the fax went to. Over all it has all the stuff we already know about but is some very good news to someone new. Other than the 4 million shares being paid by a 3rd party which is common.