Oh, yeah. The infamous "air" shares. Those are shares sold by insiders before they are issued. IMO.
You keep believing that kind of stuff, and you'll keep losing money, IMO. Remember that this is the pinks, and it's all about the insiders selling new shares any way they can, for as much as they think they can get, but for as little as they can get, too, and for as long as they think they can get away with it.