Here-here Peachman,
Been watching from the sidelines:
I'm new to this board, and I haven't written much at all on I-Hub, but I thought I'd put in my own thoughts on this company:
Well, for those who invested at a higher price, you'll get it back once the momo is back in place. For those who have been holding long, I think they know that they will recouperate their earnings: It will just take time... I looked at the charts, and I had thought it would get down to this level which is why I went in now. I like the product, and this "Infinate R" does seem like a good idea and for that and reading on, I invested... Not big: (250k shares, and I'll add on as time goes by and as I see fit) By the way I think this will hit .0002 or .0001 for that matter, which is again, looking at it from a long term standpoint could be a very good deal for those who want to jump in as I just did a couple of weeks ago. Reason I think it will is because of CEO and Management "public distrust" and I think some will dump because they're tired of seeing their investments diminish for less returns. Let alone no concrete PR's lately adds to the downtrending price as well. Still, I think this is a very good investment. All of that is not what worries me.
What does is the incredibly high float, and looking at that screams reverse split from my own painful experiances. Now let me be clear: I am not starting a rumor or he said she said, but from that trend and my own painful experiances, SPNG, IMGR, ZCNW (both of the last two mention have changed after the reverse split)and many more, it seems this is the easy way out for any CEO to retain his funds without hurting the capital investment(s) for the company. What they tend to forget is what it does to the individual shareholder, and I have yet to see where a reverse split has helped the investor..I'm sure I'm preaching to the choir here, and many more can give better examples than I have just mentioned..I'm sure it has been spoken up for long before I came on board here...
Now, I have seen where the good CEO's buy and cancel shares, other than performing it the "cowardly way".... It not only drops down the float, but it installs shareholder trust and credibility along with not only retaining shareholder confidence, but obtaining and enticing new buyers in (such as myself). It may be too early to tell of course but Terry Mixon and Gary Gray could look like rarities in the CEO pennystock world along with the other business decisons that they have made which is indeed a hopefull outcome. It could be that we all are holding on to a very good future investment, or then again, we may have another sub penny pulling off the same sub-standard funny routines.
Just my thoughts...
Be good!
T.
News 
Market Data 
Discover 
AI
