There are no true longs in the penny market.Just people that got caught on the high end.
Ask joseywales if he is a "true long" of ERUC. Also ask the people here who bought restricted stock from ERUC.
My posts spout the truth which happens to be negative.
Long term holders are down over 99%. You are also down and you are not a long term holder.
One moment you say nothing about ERUC matters as the runs in these microcaps are artificial in anture and then you try and give some sort of reason why it will spike based on assets.
Problem is ERUC is in a position of having to sell shares to cover expenses which creates a situation of continual dilution. That in itself tends to push the share price lower and keep it there regardless of the value in the assets.
Supply and demand determine share price and as long as the supply always outweighs the demand there is nowhere to go but down.
Many people make the false assumption that these stocks have nowhere to go bu up based on the tiple zero price but that is also a myth as share restructuring can put it in the position to free fall all over again without ever making the shares more valuable.
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