I must also share a few words. The CEO, Jerry Deutch, is a bold face liar, IMO. He has been telling me for over four months that the company was going to do a marketing awareness campaign followed by a reverse and that I should expect the stock to reach $0.02 - $0.03 while all the while he has done nothing but dilute which will kill all the common shareholders except a select few that were given shares that are not subject to a reverse.
Every week I spoke with him he would tell me the news was coming in a few days. This went on for nearly four months! Last Tuesday morning when I last spoke with him he said that news and the marketing awareness campaign was going to start that day or the next day. However, instead of news, all we got is a massive dump of shares. When I checked with the T/A, it was clear that he was lying all along. The O/S had increased from 230 MM at the beginning of July to the current 467 MM. While the stock business can be nasty and cut throat as you say, One should not expect bold face lies from the CEO!
I don't see how this is going to recover with such dilution going on. When the remaining 30 MM shares is dumped onto the market, the O/S will be maxed out to the 500 MM share A/S. What do you thing will happen then? It will be a big reverse, perhaps 100:1 or 200:1!
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