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04/08/10 3:04 PM

#266512 RE: JohnPlay #266510

Pennymaverick, welcome back.

You ask for facts, here are a few:

Regardless of who is at the helm, the company has the history.

THE COMPANY did four R/S wiping out investors everytime and then issuing billions of shares again to the directors and consultants.

THE NEW MANAGEMENT OF THE COMPANY just diluted the stock by a multiple of ten to ensure that the new management owned 80+ percent of the stock.

THE NEW MANAGEMENT OF THE COMPANY still has an agreement for death spiral financing with Golden State Investors.

THE NEW MANAGEMENT OF THE COMPANY has not even managed to put a decent website up in the past few weeks, they are using a stock site from "yachtworld" with the info copied from the new CEO's old site. They haven't even bothered to removed the "GoDaddy Free Hosting" banner; does that sound like a million dollar company?

GLENN MCMACHEN was so confident in this deal that he apparently brought absolutely NO ASSETS into it.

Those are FACTS. If you can dispute them, please do.

Trader0000

04/08/10 4:19 PM

#266514 RE: JohnPlay #266510

It is just, for me, penny stocks have always turned out to be bad. I think that is the experience alot of people have had. Unless you are very very experienced with stocks, pink sheet or penny stocks are extremely risky.