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ThSeeker

02/13/09 9:49 AM

#11038 RE: grandetourismo #11036

Could they? Sure. Are they? I doubt it. Will they in the future? I hope so. I would really like to see them trade substantial inhouse money. Heck look forward to the day they need to hire traders to handle all the customers. Hows that for optimism.

MuchCompensation

02/13/09 9:58 AM

#11041 RE: grandetourismo #11036

I think the more likely scenario is that they raised enough money during their dilutive stage last summer and fall to support their small office and operations.

I can't see how their private money could be in the mix. It smacks of a conflict to me.

However, something is sustaining them.

MC

Traderfan

02/13/09 10:02 AM

#11043 RE: grandetourismo #11036

There was a lot of dilution in the first 2 trading days in case you guys forgot that. 98% of all retail sellers couldn't sell at these 2 days and we had a volume of approximately 500k each day, that means around 90 million presplit.

They gave it some room to breath the last 2 days and like I already said yesterday, the market makers tried to bring it up on no volume which kinda failed because there is no interest in the stock at these levels right now.

The best you can get here is another couple of cent rally once a pr comes out, the question is only from which level the rally may start. It however depends what they report in the news if there is even a reaction.

Over the next few weeks Boca will get his wish of a much lower share price in my opinion. I don't care because my remaining shares then will only be converted shares and I will wait to see what will happen with them over time.

All my opinion. Anybody can have it's own certainly. Of course all bets are off once they bring in substantial money into their pools but the chances for that are close to zero in my view within the next at least 6 months if not 9 months. In this environment nobody out there will put substantial money into any investment just because a one or two or even 3 month track record. This is laughable.

I still have some common shares left so bring on the news and the rally guys....