well..recently the stock WAS diluted to 5 billion and the share price dove. Hopefully it can build from here but I would think that is going to take a lot of buying pressure.
Called the CEO today. Only got to talk a little bit (he was in a conference call). Hope to talk with him later today or tomorrow.
My hunch is that he has released some shares into the market. If that's the case, once that's over we go to town in a big way IMO.
But it has been hit hard for the last couple of days. Generally when this happens you can expect a move soon.
If he did release a reasonable amount of shares into the market, we can be thankful as it allowed many of us to pick up several million shares at .0001.
***REPOST FROM MOMO***
HMWM - HumWare Media Corp. "Possible Short Squeeze" Current Price .0001 x .0002 - Short Term Target Price .002 +++
HumWare Media Corporation is an emerging out-of-home "new media" advertising company operating various digital signage networks including Boondoggle Sports Network (BSN) and 19thHole.TV. The Company also operates unique fantasy sports contests and sells sports memorabilia through its wholly owned subsidiary Timeless Sports Inc.
*** I spoke to the CEO, John W. Huemoeller on Friday and asked him why his company's stock has been beaten down to current levels? He informed me that he feels there is a very large short position on the stock and he is currently taking actions to combat the issue.
He further stated that the company is in the process of reorganizing, which involves another company and symbol change. I asked as to why the a/s have been raised and he said that it's all part of his plan for the new company and will be addressed in a pr shortly.
I told him this sounds like a possible merger?
He stated he couldn't agree or deny but stated that a pr will be issued shortly that will clear up any questions that shareholders may currently have.
The CEO and IR both confirmed the share structure is current and correct as per pinksheets, except the float is currently the same as the o/s which is 369,374,063 shares.
Outstanding Shares 369,374,063 as of Jun 25, 2007 Authorized Shares 975,000,000 as of Apr 10, 2007
This is a lotto play for us which we feel could be a 10 bagger +++ from current levels.
Based on our experience with lotto plays HMWM has very nice potential for a strong move from these levels. Time will tell if the CEO will follow through in his statements, but just the momentum alone should take this to higher levels pretty quick and we will be buying come Monday.
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