Latest email I got from the company.
There has been no increase in the Authorized shares. We will not be increasing the number of authorized shares. The information on the Pink Sheets is current.
As far as the bashers go, that ties in with the naked short position that has been suspected. If the short position does in fact exist, they would need to bash the stock relentlessly and scare investors into a panic soon. They are afraid of upcoming news, and upward pressure on the stock price. Once the stock starts to run, covering their position becomes very expensive, and they would have to take a loss.
Simply ask yourself this; If people are bashing the stock @ .0002, what do they have to gain or lose. If they are stockholders, why would they want to continue to bash the stock, and twist every piece of news into something negative that could only hurt the price of the stock?
If they have bought in at a higher level, it doesn't make sense. If they have bought in low, it doesn't make sense. If they have no stock, why are they bothering to comment at all? There are certainly enough Pinks around that have no substance they could spend time bashing.
On the other hand, if they have shorted the stock, and have seen that the ihubbers are standing firm on a long position, they are being squeezed. They need to soak up stock as low as possible, and as quickly as possible.
Note: It is hard to listen to all the negatives and not worry. It requires standing back from the situation and looking at the big picture;
We are a Pink Sheet company that is stretching to take advantage of some big opportunities. This doesn't happen very often on the Pink Sheets. Deals of the scope and scale currently being discussed would take the Company to a whole new level.
In our opinion, there are a couple of disconnects taking place.
Heavy volume with no change in PPS.
Positive news not having any impact, whereas just abount any other Pink Sheet would be seeing PPS soar with similar news.
An increasingly vocal bashing contingent that continues to grow.
Erratic trading patterns.
We are getting down to crunch time. Bashers can still claim that we have not closed a deal in China, and that there is nothing more than smoke and mirrors. Once we have completed our first China deal, they have to admit that it is not just hype.
That's when they have a real problem. They will run out of ammunition, and have to cover short positions.
Ask yourself this, if you had shorted the stock, and are tracking Town Hall and Press Releases, wouldn't you be nervous that the stock price could take off and get away from you? You would probably get as many friends as possible to help bash the stock, and try and avoid losing your shirt.
All we are saying, is watch and wait.
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