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azgold

09/22/03 11:00 PM

#1077 RE: interestinginfo2 #1076

I agree. Decent revenues, new contracts and, above all, full disclosure is what we need to get the price moving. The MM manipulation story doesn't hold water. If they were manipulating today, then it was to push up the price not bring it down. All the big sales were at the low end of the prices. Just look at the current bid and ask on the PinkSheets.

Bid 0.171, Ask 0.185 but last sale is 0.193. RB shows last sale with size of 5 (=500?) for the last sale at 0.193, but thayt sale was immediately preceeded by the day low of 0.176 at 10 times that size.

Full disclosure is as important as sales. How can someone invest if they don't know the company financial position and the shares outstanding, This answer from Peter doesn't help in the least:

"No up-to-the-minute numbers exist for outstanding shares, but we intend to publish our outside audit when it is completed."

I can only deduce that he doesn't want anyone to know the latest figure. Does anyone for a moment believe that new shares are issued without his knowing and that no records are kept. You mean for instance, they issue 2 million shares and don't add that figure to the total issued figure. No running count is kept? They don't use any accounting software? Just someone issues shares (like 2M at 0.20 is $200K) and they stick a note in a jar somewhere in the office and at the end of each month Peter counts the slips in the jar. I don't believe that for a moment.