Post by
mbb1 on Apr 24, 2011 7:40am
Explanation
Can anyone kindly explain why there was a huge run up and an equal fall back to the current price? What caused this?
Thank you...
Comment by
gleeno2001 on Apr 24, 2011 11:43am
When the stock ran up there were only 7m shares outstanding...Once there became 200m + shares outstanding the dilution naturally led to the drop....Not a problem but it was expected since they have no current revenues....Over time things will change and revenues will lead to share price appreciation...Cheers !