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Fangster

04/10/13 9:08 PM

#77219 RE: Jojo #77217

I guess $3,300 can buy a few SL bound plane tickets too... speculation is endless.

Lack of something of more substance, there's ZERO basis to suggest the company had anything to do with todays trading.
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mikeymgd

04/11/13 8:13 AM

#77223 RE: Jojo #77217

It wasn't the amount of money but rather the last minute block trade along with another T Trade later.

Typically T Trades in penny stocks indicate dilution. Its not always the way but it would be smart to always consider it that. Since no one can honestly reconcile the shares to the exact owners, we need to use history to gauge the action.

SNEY has diluted every quarter since inception. With the stock price so low, the dilution rate would need to grow dramatically YoY to raise the same funds. I am sure the officers would be clear that the company must dilute to remain solvent right now. Its the nature of the beast. If anyone has the ability to get Parent of Garrett to return emails, I find it unlikely they will lie and say no dilution in Q1 or Q2. Remember, dilution in Q1 could be hitting now. Many times the shares are handed to a third party to sell and take time.

Also as for fuel, well no need for it. The season is wrapping up to quickly with the dredge out of commission. It would not really help to suddenly start them up again for say 6-8 weeks. The dredging season is lost unfortunately and once again no pilot plant till Fall the earliest.

This stock will go triple zero, that is all but certain. The question is when and how low right now.