Yup, a lost cause. Oh, the phone lines are probably burning today. Hell, you can buy a million shares now for $5000. They'll come up with something to make it go green and insider's wives or some minions could load up and dump so they can make a few grand here and there playing sub-penny margins. But the retails investors are all out I think. This is now strictly a daytrader's play. There's nothing to believe in here anymore. Nothing.
I said a long time ago that they'd keep screwing us so no one could feel comfortable holding more than a few hundred bucks worth of shares. They did just that.
Looks like it's pretty well stuck in the .005 to .0054 range for now. Only two things can happen now:
1. Massive share dumping will continue after a pause (dilution), making it drop much lower.
2. Insider buying with knowledge that news is pending that will ensure a bunch of small-time newbie investors and insiders will eat through the asks and make it pop. Remember how this ran from .06 to .10 BEFORE the financing news in springtime? And then the masiive sell-off to the sub-pennies. That kind of thing.
What a dirty, dirty game.
Next stop could be either .001 or .01 But the dead cat bounce won't last either way.
Tao needs another round of bright-eyed unsuspecting victims to pummel.
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