Weak hands??? REALLY????
I can't prove this, b/z this company insists on "cloaking" their behavior with a (in my view) Technically Gagged TA; but what I see on L2 & trading behavior is DILUTION. Period, I've said it before when the FIRST round happened and I'll say it again.
Dilution has NOTHING to do with WEAK HANDS...it has EVERYTHING to do with devaluing your investment. People, oddly enough are buying more, averaging down perhaps, and getting their capital annihilated. Anyone who dumped this above $0.001 looks pretty smart now...they can reload, if they wish, and double their share position at these levels,...(although why anyone would at the moment has more to do with gambling and less to do with investing from where I sit).
Until shareholders/potential investors SCREAM loud enough to DEMAND being heard, I don't necessarily see a reason to predict a recovery here any time soon. We'll have to wait and see but it certainly looks like more downward momentum that will not be broken by these PR's. Moreover, who knows when they stop increasing the O/S...and the Dilution that has run rampant here of late.
For those of you holding I certainly hope they announce a huge celebrity, get the website into the 21st century, and move aggressively into their TV campaign,...without that, and the cessation of dilution plus reporting to remove the Caveat Emptor label, this is DEAD for awhile. Just DEAD. I wish it weren't because I loved the way this stock was moving a few months ago...it was a great date that made me a bunch of dough & I ALWAYS look back to date those gals who treated me well. But, for now, the CEO has to get some real work done here and stop the BS!!! Otherwise this could be setting up a boatload of bagholders with nowhere to go for months!!! Just sitting & waiting,...preserve your capital folks, down here--- that's the name of the game!
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