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I will give it a week before this scam goes to .0001.I agree with you cottonjim most of these stocks do a R/S with the CEO living large on our money.Unless you daytrade 99% of these stocks go down.
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A reverse split is like the guy in college who mooched off of everyone, but always seemed to have a plan or job interview lined up or some other crap.
And everyone knew it was just that- crap.
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What is unfortunate is that new bag holders in due time will be saying the same thing we are saying now. IMO it will drop like a rock into the .00X range and then it will go up enough to bring in new folks and they will get scammed again. When does the dilution machine kick in? TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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I think if people read our post and realize this is a big scam they won't buy into this crap and if they do they did not do there DD.
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I agree Dalton that people should do their DD, but the problem with new investors is that they read these boards and see "ASVN up 25%, get in before the run" or some other pumping headline and not realize that this is the ole ddsi. I have done it and others have to I am sure. Its just a sad situation for us bagholders and future bagholders. IMO. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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a long time - i buy these HOPING one day i might actually believe one of these Pr's and think they can go up some day.I will realize someday they are this low for a reason.Live and Learn.
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I guess I've been holding for about a year now. I've been encouraged by the 10q's and increased sales. I'm also pretty excited about the subsidiary.
As you probably know, we had the CEO and CFO come onto this web site to answer investor questions. It was a mixed response.
Overall, I like the company. It actually reports. But I am very concerned about the R/S. That opens the door for a lot of downward movement.
-------------------- You can't afford to risk, what you can't afford to loose.
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37000 shares traded today. hmmmm. I cant trade on tda, I wonder who can. thats 18mm presplit shares. dilution??? things that make you go hmmm. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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Got an email from Michael where he says to keep an eye out for press releases over the next few weeks and that they are trying to be more proactive in their communication with the shareholders.
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Wish I had a nickel for ever CEO who ever said that. I'd buy a million shares or so. I've been watching this a long time, and warned of a R/S months ago. I got laughed off the thread.....Who's laughing now. ROFL
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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Jif, dont take offense as this is not directed at you...WHY didnt he keep share holders abreast of company events before the r/s. IF he was smart along with the BOD maybe they should have started the PR machine before the RS and at least tried to get the share price up a little so that when the RS occurred the price would be higher then it is now. I dont believe him or his company or his BOD or anything this company says, does or PR's. I wonder if their shares being Michael and the gangs shares Reversed split too or were they protected in some way. Things that make you go hmmmm...IMO. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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