Sarge,
Good point. I would have to say that that probably did help with keeping the price down a bit too. At the same time, can you or me or any share holder really blame some of the insiders for selling some of their position? I know for a fact that some of the insiders have spent all their time working on the GE project, no other income. They have been living off personal and familial savings. So, now some of them have sold some stock and gotten some money back to either their savings or for living expenses. Unfortunate, but totally legitimate reasoning in my opinion.
As for Diger, his impact was at its strongest probably just after the stock was tossed on the Pinks. The longs knew what was going on and kept the faith (forced at some extent due to the Pinks) In the meantime, Digger kept harping on the stock and anyone who may have had an interest in GE, left. The demand for GE stock fell, so did the price, down to 2 or 3 cents I believe. This also contributed to increased dillution (sp?) as much more 2-3 cent stock had to be given out for funding that would have been at 10 cents or higher.
So now, we've got a ton of stock out there, because at one point it was only worth 2-3 cents.
That is my take on Diggers impact on the value of GE stock.
Miles |
