"The intriguing thing is that many of them have de
Post# of 9144
Posted On: 09/17/2014 7:04:42 PM
Re: Machiavelli10 #384
"The intriguing thing is that many of them have developed a false sense of invulnerability and security because people have not spent the significant $$ needed to track them down."
If people have not spent the significant $$ needed to track them down, how do you know who "they" are or whether they've committed any manipulation at all?
I have been on many stock boards throughout the years. I can't tell you how much of a normal occurrence it is for this kind of rhetoric to take place. I see it everyday.
There were 7,100 shares short last reporting period. 7,100 shares did not move all 126 million shares of this stock. Impossible. If it is the Market Makers you are accusing of manipulation, good luck is all I've got to say on that one.
This penny stock is acting just like every other penny stock that does not report its financial condition and takes years and years to develop. Nothing unusual about it at all. Lastly, I failed to see any similar type comments such as the one you've presented at a time when the company was trading for $1+ per share. Is this current situation similar to the Al Sharpton Syndrome in which Al only shows up when it's beneficial to himself? Where was the protest then?
Companies are valued today the same exact way they've always been valued since the beginning of a stock market. They are valued based on the financial condition of the company. When a company decides to not report its financial condition and chooses to make illogical excuses for why they choose not to, an investor would be acting completely irrational to think anything else but a stock flop will happen. What is currently happening is precisely that; an abandonment of the mighty Titanic. Chatterton may come in handy after all.
If people have not spent the significant $$ needed to track them down, how do you know who "they" are or whether they've committed any manipulation at all?
I have been on many stock boards throughout the years. I can't tell you how much of a normal occurrence it is for this kind of rhetoric to take place. I see it everyday.
There were 7,100 shares short last reporting period. 7,100 shares did not move all 126 million shares of this stock. Impossible. If it is the Market Makers you are accusing of manipulation, good luck is all I've got to say on that one.
This penny stock is acting just like every other penny stock that does not report its financial condition and takes years and years to develop. Nothing unusual about it at all. Lastly, I failed to see any similar type comments such as the one you've presented at a time when the company was trading for $1+ per share. Is this current situation similar to the Al Sharpton Syndrome in which Al only shows up when it's beneficial to himself? Where was the protest then?
Companies are valued today the same exact way they've always been valued since the beginning of a stock market. They are valued based on the financial condition of the company. When a company decides to not report its financial condition and chooses to make illogical excuses for why they choose not to, an investor would be acting completely irrational to think anything else but a stock flop will happen. What is currently happening is precisely that; an abandonment of the mighty Titanic. Chatterton may come in handy after all.
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