yep, sounds like a BEAR TRAP to me ... that has been the pattern.
I am out of this stock now, but many know I was a dedicated long for a year. But all these supposed contracts yada yada .. and not one SINGLE contract to date, now a reverse split ....
HELLO ... is everyone in denial ...????
I woke up and got out at a big loss ... but I still keep one eye watching it just for the education because I had over 1.5 million shares and a lot of time invested in this pig.... now ... 0 shares.
Before all you dedicated longs jump on me about this post, please allow new money to hear this story, just to be fair, if you don't... then it would be highly manipulative and suspect.
If the company is for real, my opinion doesn't mean squat in the final analysis ... it will soar. But with now 2 billion shares Authorized and a reverse split looming .... Well, I got out, so you know what I think.
Oh, and for the record, I would love to see many of the good people here have this stock go to a buck and make a lot of money. I would just chuckle at myself for not "hanging in there" and be glad for those who did.
But after Marc said "NO MORE DILUTION" .. then .. a reverse split and another 1 billion Authorized .. well ... I think it is safe to say ... and I am being very diplomatic, and as Cramer says, an "Ambassador of good will" ... Marc spoke with forked tongue. Some might even call it a blatant LIE!
Best to all,
Ted |