FIRST EVER POST...I bought in to this Friday morning after the bell. It was exciting for about 3 minutes until it started to tank. This was one of my first trades so it was pretty brutal to watch all day. My brain told me the logical thing to do would be to sell and cut my losses but what the volume and price was doing was not logical. Once it got down to .0012 I told my wife "Well, now I'm just glad the worst I can do is lose a grand and not someone come to my house, hang me from a tree and rape my dog". So I held. If any of you have seen the movie Double Indemnity I was like Edward G. Robinson with his "little man". Something just didn't add up. I've been following all these posts and doing DD on the side. It definitely appears to be a big screw up. The owners of the preferred stock could not sell, highly illegal, and wouldn't make sense either. They wouldn't want to drive the pps into the ground and keep selling along the way. My worst fear now is a halt (don't think that would happen...only if some type of fraud has been perpetrated) or our brokers canceling the trades. Personally, I'll be holding out for 4 to 5 cents. We're pretty lucky in that we have these other ones from the last week to analyze. It definitely doesn't peak until at least Tuesday or Wednesday. I hope to add more!
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