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WhatsCookin

02/01/14 7:41 PM

#18827 RE: Penny Stocks 2.0 #18817

Cheeky, I believe the shares outstanding are 6.1 billion. It is possible that Hilal bought back a chunk of shares during the last 6 years of no bid to .0001, and I fervently pray that he at least had the good sense to do that. It did seem to me that there was a regular buyer who could be counted on to buy a few hundred thousand to a million shares every week or two during this period. However, this is pure speculation on my part and probably wishful thinking. But even with 6 billion shares, the revenues are just so large relative to most pinkies that this could make a major run just on fundamentals alone without any hype.

Plus as several others have noted, a lot of shares may have disappeared because people just assume they were worthless. Maybe this was Hilal's plan all along to create shareholder value by wiping out the float based on a total news blackout for many years leading to shareholder apathy and disillusionment, their need to take tax losses and discard the certs, and considerable attrition. Remember, a scientist must think outside the box...LOLOL