Post by
monstapeake on Jul 13, 2009 6:54pm
the scent of consolidation
I recently bought more shares in an effort to average down from my original miscalculation when heightened volume occurred. Recent volume without a sustained share price advancement is not in shareholders best interests. Nonetheless, I am guessing the company is planning a consolidation. When it occurs you can bet the stock price will drop further. I hope I am wrong, but experience tells me otherwise.
Comment by
hotinfo on Jul 14, 2009 5:03pm
in the times before BREX when companies were pennies they consolidated to start back at .20 or so. What we see these days is when penny stocks plunge, I haven't seen a consolidation for the longest of times but rather private palcements which are diluting the H*LL out of the stocks in a company ... don't know which is better :-) ???Robert