Bid is still micro THIN to the .002's
Looks like the dilution MM's just mass gaming it to me.
0.0039 / 0.0043 (14600 x 278675)
There's only about $250 bucks worth left on that Bid and it goes to .0029 in a blink.
NO real "buying" going on IMO, not retail buying at least. This is some big boy dilution MM unloading a truck load this AM and then short covering for themselves or someone else probably- something like that.
Or, a convertible debt deal "conversion" is taking place and they need the Bid driven low- as many of the deals are based on the LOWEST AVERAGE OF THE DAILY BID, some language like that when one reads the 10-Q/10-K.
The day's average Bid has been buried and is micro thin- the spread just got cranked a mile wide is all. This stock is notorious for this kind of trading shananigans by the convertible debt MM's when it does these mega-volume huge spikes to the down side.
All it's ever done afterward- is go LOWER sooner or later. Look at the spread- if one were to buy right now, then turn around and try and sell their share, literally two minutes later, they'd be creamed for a huge loss do to the wide spread and inherent ill-liquidity IMO.
Same ole BHRT (U.S. Stem Cell whatever LOL) nonsense IMO. Like watching the same bad movie replays over and over again. LOWER LOWS and LOWER HIGHS = NOTHING NEW HERE to me.
It just established a new watermark LOW. EVERY TIME in the past when it has done that- it has eventually made those new LOWS the new "base" eventually and then gone LOWER eventually. That's my experience with this one.
MY .0035 or so Bid cents worth- cause that's all one's gonna get if they needed or wanted to sell more than $500 bucks worth right now, maybe even lower than that.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
