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ValueFinder8

10/28/09 12:14 PM

#799 RE: ValueFinder8 #798

What if we trade 1 times revenues like many companies on the AMEX do. Revenues are looking to be 70 million this year. Think about it.
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asskiss_of_evil

10/28/09 12:39 PM

#821 RE: ValueFinder8 #798

MRCapital is not bashing.

I am also a very experienced OTC stock trader.

It is entirely normal for these companies to dump shares into the float to raise capital. In fact, they often hire other firms to do it for them.

In many cases, as a long, you WANT them to sell shares and get rid of interest bearing debt. You just hope that is what they are using the proceeds for.

In this case, insider holding is very high for a startup.

A retrace was imminent after that torrid run up over the past few days.

I am slightly underwater with .09 shares and holding. I may add some more if and when I sense the gap is filling.