oh, but it is ...caution what is your count..I have somewhere between 36-40 million.... as of 5/3 it was 32 million we have had 2 since then I believe maybe 3 ..one 4 mil one 3 mill
Posted by: cautionupahead
In reply to: MJAM2020 who wrote msg# 7366 Date:5/3/2008 4:15:56 PM
Post #of 7853
Those 32M in buys obviously come with 32M in sells, that's why the accum/dist line pretty much stayed the same. When you're talking about dillution, it's outside shares added to the float so 32M in sells first, 32M being alot to absorb when the past week of trading the average has been around 10-20M. Plus we had alot of shareholders getting out because of the recent run up, as they were in sub penny, yet we held the line pretty well until Friday. Fridays are like that sometimes, on all penny stocks. Any yes, you are correct, with 32M in buys the accumulation line would have been in orbit, so would the price, that's why NITE and then AUTO were needed to keep the pressure down on the ask, and scare people into selling, otherwise those 32M shares would have cost either the guy that needed to short cover or the whale trying to buy a large amount of shares, a whole lot more. Either way, the longs will be okay, at 0.015c I wouldn't worry too much, this play is just beggining and the manipulation will eventually end.IMO
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