RE: RE: daytrader do not touch this Why does your analysis exclusively rely on trading volume and chart analysis. Your completely ignoring the DD concerning the actual company. The market is not valuing FIU at 0.19 right now because the vote is not completed until mid-may, the most likely explanation is the market does not even trust FIU's management so far as to believe they can deliver the asset sale without further loss. If there is a no vote on MWS dilution will occur, if there is a no vote on EZ then FIU will be in a very interesting position and no one knows exactly what will happen.
The market either 1) Does not believe that any of the escrow fund will be distrubuted (class action suit) or 2) believes FIU will need the 10 mil credit facility to function until asset sale or 3) believes that one or both of the deals will be voted down by shareholders.
As soon as FIU draws on that credit facility this stock will go down further, because it will mean that their is another 10 mil which has to be repayed, it will come out of the EZ asset sale price, droping it down the EZ sale price to 60 mil! Did your idiotic chart anaylsis tell you that? Not to mention that in May we will be receiving a production update before the shareholders meeting which I gaurantee will be spun to look like the company is in a dire end of world situation. I am highly skeptical that we would receive a postive production update right before shareholders are asked to vote for a 'distressed asset sale'
How exactly do you expect to arrive at any of these conclusions when all you do is sit there and go on and on about FIU being over-sold, manipulated etc. At the rate your apparently buying your going to be another one of us bag holders who will be forced to vote no to these deals to get any return on your investment.