FFNEODOC, I don't believe anyone Company has driven XNET stock upwards,...
Here is my response to the concerns of Sprintcar yesterday:
It happened that information and Due Diligence reached a critical mass and investors watching the stock decided to move in. I don't even know the name of the Company you are referring to, that's how much influence I received from it.
I would also like to believe, rightly or wrongly that the piece I wrote comparing IMOT and XNET made a few investors think twice. Few short sellers can short stocks below $5.00, unless of course, they are MM's. Anyway, the stock rose today, so I am not too worried.
Remember, there are precious few ISP Companies operating in China, that are listed on a US market. Look at PCNTF, up from $52 last week to $94 today. Eventually GTCI, XNET, ZSUN and even IMOT will follow a similar path, more or less rapidly.
The dilution is a necessary evil to expand the operations. Additional revenue will soon compensate for the additional number of shares, while the Company will be able to operate in a sound financial situation. Please, let me know the name of the Company you are talking about and give me a link as well.
I would add this: Mr Cheung is a trustworthy individual and he could not possibly do anything to harm XNET or its shareholders, having a fiduciary duty, as a Director. This is short sellers propaganda that is back firing, seeing what is happening to the share price today. I agree that there is nothing to worry about. The ride will be bumpy, but we all know that is par for the course with BB stocks. BTW, I still have 25,000 shares I intend to keep for when we get closer to the $10.00 mark. Cheer up!
Regards, F. Goelo + + +
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