Replies to post #268849 on Momentum Players

[pennies2007]

I talked to a buddy of mine about that and he said it looked like dilution. They've been selling into it all day at .0003. I called their TA and they confirmed the O/S at 4,997,485,823 as of today which is about 200 million more than the O/S reported in the 10QSB which came out on Nov 14th. The majority of the shares are held by insiders on GRUS. GRUS is only authorized at 5 billion shares total so I'm not sure if it's really dilution. If you look, you'll see that most of the trades are weird sized blocks, like 666,600 and 833,300...crap like that...and there will be several blocks of the same size, usually three that are identical. Then there will be a pause and then more selling.

I think the insiders are dumping their shares at this point...maybe in anticipation of a R/S coming soon. Whether it's dilution or the insiders dumping because of a reverse split, it ain't good either way. I dumped my shares a while ago at a loss. It smells funny to me.

Man, I always get burned on these stupid things....LOL!