InvestorsHub Logo
icon url

Thirdeyeblind

08/23/17 11:35 AM

#9801 RE: mkjoke #9800

@mkjoke....imo a Feeble attempt to prop up the price imo. It'll be really interesting to see what happens over the next few months. There's about 280 million shares outstanding and the company raised the authorized share amount to around 575 million shares. So the can try to sell a gigantic amount of shares to try and stay in business. However, they need the share price to be around .08-.10 cents a share in order to sell a couple of hundred million shares at .02 cents per. They also need the share volumn to be large or no one is going to buy the shares if they cant sell them or if it'll take over a year to sell them. They may attempt a fluff PR release to spur volumn and raise shareprice but in their current condition it would not be prudent to mislead investors again. Alpine will probably take over this company and buyout the remaining shares for fractions of a penny because if you research Alpine Creek, they are a PE/buyout company and thats what they do....imo. It's almost like a mini-series. I can't wait to see what happens next.