RE:18.3 million shares sleepydog1 wrote: Have traded since Wednesday at an average price of .278 .... so most new shareholders are underwater right now and bodes well for a bounce back .... would be ludicrous for people to sell this for a loss. .... SD1
Yes you are correct in your calculation and assumptions. The problem is that old maker maxims overtake an individuals thought processes leading to irrational analysis. The question one has to ask is why would so many shares be acquired by investors and so quickly ? The curiosity is to the rumour of an American promotional company coming on board.