WMS, did you see the shares that James picked up recently? I got the Form 4 today on my Fidelity account news. It is good to see that the head of the company is solidly commited to this companies future. He came in with 5K shares at $.40 & 20K shares at $.35 on the 16th. On the 21st he aquired 20K more at $.27 a share. That is a $14,400 investment if my math is correct. He now holds 6,539,002 shares...not bad. There might not be a ton of demand for the shares but the right people are behind it. There is nothing scarier than a CEO that owns no shares nor buys any.
I wish that Yahoo would post all the news for those new investors who do not get or have updates on their trading platforms.
No,I had no idea.I trade with Ameritrade and no news was given.I'm also happy to see he has enough conviction to place HIS money behind it.I suspect an investor was rather jittery during this market downturn and anticipated a drop in s/p so he unloaded.It was his selling that the mm's gave into.I'm comfortable with where we are now,picking up a few share when it drops back.The day will come when we will be rewarded.
I do not think it was the company or the stock. I think it was some stupid investor who doesn't know better than to use Market Orders. Idiot in my opinion. The only crappy thing about the whole deal is that I didn't have a buy order in down there. I would have loved to have had all those shares from $.13-$.20. Someone scored big with that buy. Nice work to the buyer and I hope that seller never comes back. If they do come back put in a huge market order and take out my shares at $1.20 a piece!