Honest Guy's theoryHere is the chance for some of the " long" to unload your stock and at least get something back in return.
Sit down and figure this one out for a minute: the company is almost bankrupt with no additional financing lined up, they were forced to abandon their office because they could not afford the rent, they dismissed almost the entire staff with 15 remaining employees, absolutely everything is used as collateral to keep the doors open, one of their biggest supporters, TARGA, is not only not lending them money but secured everything as collateral for the loans that they gave the company, and top everything off, the overall economy is still in trouble with rumours of a further rate decrease in the USA to attempt to revive their spending and stay out of a double dip recession.
Think about the above situation and let me know why the stock has suddenly boomed up to 0.11 and counting.
Either there is a tremendous announcement that will shake the company up and put it back on stable feet, or this is just another pump and dump.
Interesting to note regarding the pump and dump, that suddenly there are " new" posters to the board, who are not only posting every other minute, but now know that that this baby will sail to 0.25 and beyond...
Also interesting to note, that Penson was playing in the Linmor run the other day, which added fuel to the fire for that run up ( but different board to discuss that run).
For all the regulars, I hope that this one works out for you
cheers
Honest Guy