Gary, first I don't think Markox is a paid hypster. I was talking to Jerry and mentioned that this stock was discussed very deeply on the internet, he immediatly told his collegue, and he wanted to know where so I told him.
About Greg, if they have done work for them and the company stays in business, they still have to pay the bills. If things will work out fine afterall he takes a lot of risk buying through other buddies, because it could be traced in an investigation. And look, the insiders hold shares and we didn't see action from them.
In my opinion the MM are not willing to take a position because they don't anything about this stock. And what I now remember is that Greg told me that he put his favorite MM on the stock. It could be possible that he told him that he was going to end the contract and that this MM unload his position (if he had one). But I have a feeling more and more people are losing interest in this stock because of the lack of news and they sell their shares. And it only needs some selling to get the price down.
And if Jerry would let his buddies buy the stock to make a good profit we would see more buying power and then the stock would move up IMO. If I was a MM I would like to have no position in the stock and just try to live from the big spread.
I made my conclusion for now. I hold my shares, not buying more to average my holding, and wait for more disclosure. I will put the shares into the long run closet for now. Maybe things turn out quite well after some time, who knows.
And remember, if things turn out to be very wrong, not closing of contracts, Jerry will be history also. And wasn't he a member of some respected board, accountants association?
Just my opinion, but always willing to hear others.
Rene. |
