Does anyone have any other light to shed? Sometimes when you sell friends a story and they invest a lot of money and the sp goes down , they blame you for it..
So there is always the possibility (pure specultaion on my part) that this was an attempt to hold the line at .10, because of the psychological impact of it falling below .10. but of course there is always some people who will see pretty much everything as a postive...and instruct you to remember what they post.
I doubt we will ever know, so there is no sense in attaching either a positive or a negative connotation to his trades...That would just reflect our own bias.
I know a couple of posters here that if the sp went to .01 would either rationalize it on the market,or celebrate it as a great buying opportunity. They seem to be in total denial even as the sp keeps falling.
At .07 I think is worth the gamble to buy a couple of hundred thousand shares..And the key word here is gamble. Unless more money comes in this is a shake of the dice at those levels.
I take no pleasure in seeing people who got suckered in to the story at very high prices lose a bunch of money, but this is a penny stock...always has been, and there is a time to sell. And it seems they only wanted to listen to the posters here who advised to hold and that it was a bargin at...whatever price it had currently fallen to.
With the present market conditions, unless there is more money...lots more money flowing in, I am afraid this is nothing more that a promotional opportunity for some trading.