Their debt is about 1/2 of the Market Cap now, but I suspect they are selling cheap shares to their pipers to make payments on the debt. The company gets free money, the pipers get MILLIONS more shares to manipulate with, and us peon shareholders get...well you know.
They've almost knocked it in half in just a few days, taking high buyers to the cleaners. Thankyou management for the loss; I've been suckered again. When will I ever learn.
Just when you think they have their belly full, they want more. I wouldn't be surprised now to see them scam short it down into the 60s-50s, maybe even 40s. Could they possibly know that a new pipe will be done in the near future that will give them millions of more shares on the cheap?
I suspect a piper short scam is in progress after they popped it to 1.30 or so to get it started. If so, I hope their only intent is to lower their average and not BK the company.
When it is all said and done. Sold to Pipers between 1.45 and future 1.80. They will wear this out with their short scams. Typical wallst buddy buddy scam. Watch for small move up to get more short scam going; I suspect it started way before the announcement. Don't forget free shares for all of management ..they've earned them.
I told you I could stop this rise. They dropped it within a hour after I bought and are now trying to get me to sell for about a $30 loss. How dare them; these short scamming crooks trying to steal my money!
You will get royally scr8wed now with their short scamming schemes. Wait...you already are...today. Guess who has been going short for the past few days/weeks before this announcement. Wonder how many buddies had inside info on this deal and have been going short before the announcement? Wallst is crooked to the core...imho...with the full blessing of our gov leaders..who also trade with inside info. And no, management never buys any of their own stock as some try to fool others on this board..its always given to them free.
Yes..and the MMs scammed the pps to allow them to get in with 1.80 average..but I guess it's still good unless they want a quick 15% gain.
If that is enough to drop it hard...lol...well I actually brought more than that but 100s should do it. The wallst shortcrooks probably need money for a cup of coffee.
They covered some to pop it, then shorted every retail buy. Company got theirs, piper making easy money with the short scam, and retailers getting....well you can see. Same ole wallst scam over and over, brought to you by the SEC rule makers and our gov leaders who could care less as long as they get to trade with inside information also.
It's not really odd. When you have crooks shorting a company, they will do everything possible to make that company or their products look bad. IMHO, the majority of shorters on wallst trade with inside information and are nothing more than plain criminals that need to be in jail, but the SEC only goes after about .000001% of them. Right now it's Mark C. and he is very small fry in the big picture.
Hate to be negative but that is the way they operate. They use pops like this to continuously lower their average as they force high buyers to sell. But maybe not...maybe double today and fool sellers who bought in the 80 pennies. I'll take the 30%+ and then see what happens.
Starts back down immediately...lol...so you can still get it at 50% off MSRP. You can thank me later..lol