Pike is a bagholder who is making the typical bagholder mistake of averaging down a big position that is massively underwater. Right now, he is down about 10 million dollars or more and is has exceeded the huge losses he has suffered on microcap blowups of the past.
He did the same thing in QSGI which is trading at subpenny after Pike bought and held the stock for years while refusing to admit his major gaffe.
It's pretty funny, but Pike has bought millions of shares in an attempt to jack the price of this scam back up and so far has been unsuccessful in even getting it back to the same level he pushed it to back in October when he tried the same ploy.
If the company doesn't soon file its overdue financials, Pike will lose all of his investment when the stock loses its registration in a revocation proceeding
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