For the same reason that people were buying "cheapies" at the 60 cent level while bankruptcy was near certain a few months later.... In the pink sheets investing has little to do with reality and facts, instead its hope and hype. I posted numerous times how bankruptcy was coming and there was going to be a classic train wreck, and all I heard back was "I'm buying more cheapies". Now we are down over 75% since then!
Same here again. Deja vu all over again. It's the pinks!
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