A few thoughts to start the weekI observe that website traffic counts are way up in November with over 600,000 page views per day. The battle for eyeballs seems to be going well.
The price action this morning is strong up 25 cents. The volume is low. Where have the sellers gone? Has supply dried up? Are the short sellers waiting in the wings? Fun and games.
More fundamentally, I see that the Company is sucking back in unearned bonus gold from inactive accounts. The terms of service are clear: if the referral account does not activate the account within 60 days, the bonus is not earned. As a shareholder I see that as a good thing. I do not want them paying out hundreds of thousands of dollars for empty, inactive accounts.
We should be seeing the Q3 financial report sometime soon. That will give us a baseline for the business model going forward.