panning, with 1.6 billion o/s and with who knows how many more naked shares out there on top of that, how can we expect the stock to ever come back to where most us originally bought?
Right now the MM's are playing on the % swings...let's say your avg cost per share is .002 (mine was much higher btw)
right now with a current pps of .0004, a 50% gain would be .0006, a 100% gain would be .0008 ...you know the MM's will slap it back with sell orders to bring it down, shorts have an unlimited supply of stock out there (1.6 billion) that they can borrow to knock it back down...so what do the MM's do...keep it at .0004 X .0005 and let the flippers make there 20% gains...and longs get squat!! thats why once a sub penny, always a sub penny!!
The only way out is a RS, but do it right!!
How do you do it right?
- pick a nominal number so that the longs don't get hurt, anything like 1-1000 or 1-2000 is total BS and I would stay away from it.
- change the symbol and cusip number to wipe the slate clean of any offshore shananigans with naked shorts.
- change the authorised from "unlimited" to "100 million" or lower.
I sold my position here during tax selling season before the x-mas holidays because I had large gains elsewhere but always kept an eye here..I like the story and the properties to boot. But the share structure stinks and needs to be changed.
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