CMAS- DMRJ has to, has to, has to move shares out of their account and into the float. Has to. They don't care what the price is as long as its above 9 cents. Why?
They are owed say 40 cents, they convert that debt to 5 SHAREs at 8 cents a share, they sell as fast as they can at 40 cents each and make $2. Wa-lahh, they made 800%. And they must be quick about it.
Why? They have train car loads of NEW 8 cent share coming into their account that have to move out, but they have to stay below the 5% level of outstanding shares.
The DUMP competition you refer to was triggered by someone else, matched by DMRJ and exceeded by DMRJ-- they call all the shots and they don't care what they sell for above 9 cents a share. They have to do it quick so they don't hesitate.
You supposition that retail somehow controlled the move down does not hunt. Sure. some LONG defected, sold and that triggered some buying interest that DMRJ immediately sold into that being interest.Fact is, the volume is all theirs, will always be theirs until interest owed by ISC is gone.
Now, if you are claiming there is an unhappy long in the mix, who is willing to take any loss to get rid of their shares, well that's possible and their may be more than a few. But at the end of the day, the most shares sold by any single entity will be DMRJ, as long as the price is 9 cents or better. The only thing that has changed is what DMRJ gets for the converts at 8 cents on every dollar of interest that is overdue.
I am amazed that anybody bought a share above 9 cents. How can they make a reasonable call as to value of a share besides what the ask was set to...by DMRJ.
