Scott, if I was a conspiracy fan, I would have come up with a story that goes more or less like that:
Someone close top the table, wanted to unload a bunch of stock, like, let say 6 MM shares or so, so, they contact two well known "promoters" and they write their usual glowing reports. This is immediately followed by a news release saying "it is today, it is today", to support the rally (to $.18) and sell into this rally as many shares as the traffic will bear. Then few weeks letter, the promoters probably will reiterate (how about a "last chance to get on board") their buy and that is followed by even more positive releases (today is really today, and we for sure are going to within three weeks have a plant on site), thus allowing for sales of shares to those that missed buying at $.18 at $.12, on top of that, we always have our friendly existing shareholders averaging down etc.
But, I am not a conspiracy fan, so I have to admit to complete inability to explain who was selling all these shares and who was buying and how come the selling and buying was so well balanced that the stock actually went nowhere. Thus, I just follow the turnips, and despite the "glowing FA", I am flat since the TA stinks.
Zeev
|
