I think it is time that we all start seriously considering the real possibility that the company has been lying to us all along. The problem started with the claims that they had 550,000 plus car ads on the site and even "tricked it up" so that a simple search would report that number. As many of us found out however, there are far less than the 550,000 cars the company has claimed in its official press releases and Downs has even been foolish enough to claim in an interview. They just do not have that many ads on that site. It isn't true. If they would lie about something so elementary as that.....well.
Therefore, we have to consider the real probability that the company is lying about its earnings guidance as well.
Let's face it gang. This stock is now trading at half of what Downs has claimed they would make per share and the selling volume has been so tremendous that it could have only come from insiders. If they were going to make a large amount of money this year, why would insiders be dumping?
The idea that the stock is being shorted in spite of all the amazing claims of the company just doesn't hold water. Shorts have a tremendous amount of risk and they don't just arbitrarily pick on newly listed pinks to start a big shorting effort. They are too smart for that. I don't think it is short sellers at all, but an excuse or smoke screen for the insider selling that I feel is taking place
I never want to admit I have made a big mistake in believing BS, but I have been thinking about it tonight a lot. This stock just does not make sense and I think that deep down in our hearts we all know it it doesn't make sense because the company has not been honest with us. If they have been lying to get us to buy while they dumped (and my technicals indicate this is highly probable) then I think they should all rot in Hades.
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