RE: kcuhcI'm reposting my previous post about this same topic because it's essentially the same argument used (but put a few extra friends in there). Either way this logic is fraught with fallacy:
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Ahhhh that old excuse... er I mean reason.
the old "the PP is worth more than the current share price, so those involved with the PP wouldn't want to lose money".
OK ... lets look at PP's going back to the beginning of 2010:
201
Jan 13th: 20 million @ 0.20 (fully subscribed on jan 13th)
Jan 29th: 25 million @ 0.20
Still hasn't reached 0.20 since the PP.
Sept 14th: 1.3 million @ 0.10
Nov 8th: 13 million @ 0.10
Still hasn't reached 0.10 since the PP
2011
Sept 12th: 50 million @ 0.05
It's a good thing the people taking part in the earlier PP's wouldn't allow the share price to stay lower than what they paid for it ... oooops
So ... that's a total of $12,930,000 raised and what do you all have to show for it?
Good luck :-)
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As usual, this is a pump and dump play pure and simple. Get in, get out, be nimble. Don't invest in something that's shown you nothing and only proven to fail time and time again ... like a woman going back to an abusive husband.