Yep - you can tell just from looking back at the last few statements that they are working with him.....

You do have to wonder when they get worried. I would want my money back, but the marketing/PR stuff is all part of maintaining an ongoing business, so there are definitely 2 sides to that coin....

It's fun and all that, especially for Reggie. But in reality, this is a company that produced gross profits that just don't justify the lifestyle, nor the stock price it had that previous three years or so.

It's a business. Shareholders that gave the company all that money to go public are pretty much bust, unless they were the first ones out. There are real companies to invest in, even today.

I'm far from an investment expert, but did anyone else realize that the stock closed at $0.08 on Wednesday, yet Thursday's intraday high was $0.26? I'm kicking myself for not buying 62,500 shares yesterday (after reading this thread) for $5k, selling at $0.25 and recognizing a $10k + profit in 5-6 hours after the market opened . . . anyone else thinking the same? :cool:

Day trading is not for the faint at heart very tough way to try and make money

My father and I used to day trade for years, after his first heart attack he couldn't go to the Bahamas to play blackjack, so he started playing the market instead. Did very well just watching CNBC and buying and selling whatever they were touting in the morning. Moral of the story, you are absolutely right, it's gambling and it's dicey at best!

I still think, and this is just my opinion, that it might be a worthwhile stock to day trade. As I said in my previous post, had I bought on Wednesday morning's open at eight cents, selling at a quarter . . . buying $5k again at nine cents on Thursday morning's open, selling at twelve cents and recognizing another $1600 gain. Monday, it should open at five cents again. Risky, but potentially profitable for a relatively small potential loss.

H

I've heard that he has wanted to go back to Private for some time now...

if he can't afford to buy it all for .08 and take it back private, then he's in more trouble than you think.. .08 isn't even the price of a stick of Double Bubble gum and you know how long that taste lasts..

Fountain Imfo

http://www.marketwire.com/press-rele...PB-944214.html

Yeah, 8 cents doesn't sound like much, nether does the market cap. But right now, it's the rough equivalent of buying a car for $100, and owing hundreds of thousands to get that deal. Fountain has no equity, and owes a ton of money. They might make a profit next year.

Figure out how much debt there is, how much you expect them to make, or lose the next three years, then divide by the shares outstanding and tell me if it equals 8 cents or not.

Fountain trades an average of 5500 a day. It much too thinly traded for you to have been able to buy 62k shares low and flip them higher.

As for trading, like most professional careers it requires a combination of experience, hard work, and talent in order to to be successful. Most people who try it and fail lacked one, two, or all three of those characteristics.