We think there was some shorting by ETRD yesterday. They are totally off the ask, and I'm betting they will be one of the first at .0002 tomorrow.
There's been a lot of flipping especially today by people that got 1's yesterday. But we think Authorized Shares of 2B is close to being maxed by all the activity in the last 2 days (700M traded total). Also since the initial 1-500 RS on 7-12-2007, 1.7B has traded.
This used to be EWDC and a lot of people are pissed that it did that 1-500 R/S in July. But they needed to raise some money to get their Boomerang product off the ground.
I don't see the company as being evil diluters at this time. In fact they decreased the Auth from 3B to 2B. I think they have what money they needed, and will let the share price do what it will now............z