No - I just realize the stock price will continue to fall, and letting you know why. Not the same as wanting it to. I told you that when it was .75, and I am telling you the same now.
What I want is to see pump and dump operations like JNNE/GONT (in business over 9 years, has issued over 60 million shares since going public, about to issue 30 million more, still no revenues) shut down for good. Why encourage them to keep ripping people off?
Paid for what by whom? Talk about ridiculous. The stock is stuck in a rut, and anything I say isn't moving the price. What will kill the stock price is the upcoming millions of shares dumped on the market, the lack of any profits, and the inevitable reverse split after they hit 100 million shares. The longs will "eat it" if they hold on past January 20, when GONT's juice loaners cash in their shares.
You realize as well that 100 million is five times the number of shares that ONSL, for example, has out, and they at least have $266 million in sales. What will GONT show in sales for the third quarter? I'd be surprised if they will report $50,000. Losses will no doubt be in the hundreds of thousands. Sales per share ratios of 5/100ths of a cent are not going to impress anyone.
GONT has no cash, no market share, no name recognition, and no new technology. The only thing brilliant about the management is that they have been able to keep their jobs, despite taking nine years to decide to even go into business. Joe Naughton is "experienced" at sitting around since 1990, except for issuing press releases and millions of more shares per year.
People should buy this stock why, exactly? So they can issue even more shares in 6 months? |
