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Ivestor

02/12/14 8:36 AM

#27170 RE: diamond946 #27166

http://investing.businessweek.com/research/stocks/people/person.asp?personId=4735451&ticker=BGNN
Follow the history. He is not selling this thing, it will be a merger if he does anything, and not to create something bigger, but to get himself out of trouble with what he has gotten into here.
Like others have stated, penny stocks are a big risk. You never know who you are dealing with. That doesnt mean you cant make money if you are lucky enough to sell on the pump. But it does give you a better perspective when you know who you are dealing with. Look at NSRS, same kind of deal. Someone raises enough cash to buy a company, reconfigure it to create millions if not billions of potential shares to distribute. Here the buyers are buying Jerry's stock pile of shares, which is why they are an easy buy and a hard sell. At least with electronic trading you dont have some boiler room dude telling you to hold on its about to break out any day now and you end up like you did. Jerry is just a sewer rat, he had the audacity to give 1,000,000 of stock as a bonus to an employee. Wow, that's worth about a few hundred bucks if you can sell it.