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Social Media Ventures, Inc. (PINKSHEETS:SMVI.pk - News) announced that it has begun to market its new daily deal site, PetInThe.Net www.PetInThe.Net with merchants to begin offering their products for its new launch date of June 17, 2011.

The company has stated that they have entered into merchant agreements for quality pet products that will be offered to the public as well as its members at their pet-themed social networking portal, PetsPlaces.com www.PetsPlaces.com.

 

Share Structure
Market Value1 $230,637 a/o Jun 02, 2011
Shares Outstanding 1,153,187,364 a/o Apr 27, 2011
Float 1,050,855,507 a/o Apr 27, 2011
Authorized Shares 2,000,000,000 a/o Apr 27, 2011

 

 

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any idea why people are still buying this? just uninformed? not much volume at all . but i figured this stock wouldn't have anyone buying it. any ideas if this will ever pick up again?
I think people that are still buying are trying to average down their losses so if this goes to .0002 they can sell.  I know some people still holding this they believe its a good company I guess only time will tell but it is cheap .0001

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