Replies to post #56525 on Indocan Resources Inc. (IDCN)

[UpstateChris]

No, I am certain there are very few, if any, shares at .0031 purchased at the recent run-up - as if there was buying at that level it would not have turned. There are shares in this higher than that I believe though (maybe Space???) Someone was saying that had some like .50 shares from years ago - been a few months, so I dont recall exact details. I do believe there are a healthy number of shares from .0013 to .0022 still being held. In fact, based on PM's I have received I know this to be a fact.

As for my math, you understood the point I was trying to make, and have since clarified twice. I should know by now that I need to be careful about poor word choices when not outright saying IDCN is the next BIDU or GOOG or it will be picked apart.

Now, on your third point, I have to strongly disagree with you. Well, more accurately agree with the role PSC took, but from the opposite perspective. You feel their dump dropped this down:

And the only reason, IMO, IDCN came back down is because PSC dumped there shares into the run and back down.

I on the other hand think their pump is the only thing that brought it up.

We will most likely never know what, if any, arrangement IDCN made with PSC. Some things they ran with on their own, some they were paid and/or given trading shares. Based on IDCN PR's from a few years ago (post like 100 times here and easy to find with Google) we know that IDCN has a history of payment in shares to stock promoters - in this case StockCharterGroup. (To be fair, Ken has stated that the price points in the contract were not met and he did not in fact get those shares.) Point is, Jeff could have provided PSC with millions of shares as payment...or he may never have even heard of them. Regardless, their promoting back then obviously played a huge role in getting this to the .0031 high.