Hello sp3,
You saying insider trading prior to quarterly report...then a major dump, but who bought all those shares mind you we are not talking about small volume either.
From the 26/7/07 to 1/8/07 it traded a total of 421,535,900 shares and thats at prices between .069-.105, thats big money no small investors or even da traders (IMO)
So My question is did they really sell or only accumulated and pushed the price down and had few minor announcement so it did not look too dodgey and then decided it was time to push the share price back down to .054 back to where it was on the 14/6/07 and pick more up, before they bought out the real news.
Now remember, I have said this before. If people make a loss on a share, majority of the them will not look at it and even if its on the move will be hesitant to buy it.
All of course IMO.
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