InvestorsHub Logo
icon url

xyz1002

06/27/07 12:43 PM

#2125 RE: rattling #2108

rattling- I'm little lost here. There is no way I'm able to account for the shares being dumped. Just out of curosity, asked my boyz to look at all the filing to see what am I missing here. No one can find anything to indicate this kind of dump. No SEC filing what-so-ever to account for this dump. Only 3 reasons left

1) prefered stcok conversion by KK and selling
2) Cornel converting the notes and selling
3) or other illegal activities

the first two required SEC filing.

Now if Cornel is converting they will have a lot of shares to dump and there is not many days left before the R/M to do that. Suffice it to say that won't be pretty.

What you are seeing is not trading activity of a stock with 80M float.

If these crooks are involved in such activities, I've to say I'll become very pessimistic about the R/M as well. Can't trust such ppl.

They can do the R/M on the 30th. Announce a RS of 1:100 shares to reduce the O/S to 4M and then iisue shares to management, Seaway and for financing and increase the O/S to 500M (this is just for example). In such scenario this share price becomes close to ZERO.

The moral of the story is there are various options available to screw the small investors and if thats what they chose to do they can do it.

Not very positive at this time. However, I'll give till todays close to see what happenes. If this thing will bounce back hard today then have to reeavaluate.

This finace worlkd is full of crooks, thats for sure.