Replies to post #1176 on Energy Revenue America Inc (ERAO)

[upordown2010]

In my opinion, and I have been trading this stock for a few years now. I truly think this company might have some value down the road, but they are continuing the relentless dillution of this stock. I have seen this dillution go on as long as I have been trading it. It is the norm for these guys and I believe this has a strong possibility of being reverse split yet again. The PPS will probably get back under .01c again I have no doubts. There might be small upticks here and there but it is clearly in a downtrend now and that is where it's main support is around .005ish.
When I first bought in the float was 18 mil. It has now gone through a 10-1 reverse split and the float is at 97 mil as of June 1st 2009 (970 mil pre-split), might be higher by now. My point is trade this for what it is, a pinky, and don't fall in love with it, because will disapoint. Their PR's mean squat until they actually start reporting audited financials showing earnings. Until then it is all fluff.
IMO
GLTY

[bigwood]

Today was the stated day to get the 10% share "dividend". Indeed, the shares have to come from somewhere and obviously, many believed a R/S is coming. Didn't think it would dive so much today but what can you expect with a pinkie stock that has lost all momentum IMO.