Just went MEGA SPREAD, looks like Form-4 buy, LOL !!
Looks again to me like another ole Form-4 buy order is getting filled by them ole MM market makers, only too happy to fill it "at market" price, which for them is like a 20% to 30% spread over the Bid, LOL!
Look at that Bid, pinned doooown at 70 cents basically, but them ole MM's just jacked that Ask waaaaay out there, looks to me to fill another one of these $2K or $3K (that's about what they've been on the past few Form 4's)- them ole insider buy orders for a few $grand at a time IMO.
0.71 / 0.94 (1500 x 2000)
See that. Look where the Ask went- mega high, but the Bid does not move at all. That means if one wants to sell $100 bucks worth, they get 71 cents for them shares, even if they'd paid 94 cents for um, literally like 5 minutes ago. WIDE OPEN spread, mega huge.
There's 8K shares now on the Bid at 70 cents on the Level II (was there yesterday too), aka the all, all, all time LOW of .0007 pre split. I think that's the biggest block I've seen on the Level II yet, since the massive 1000 to 1 R/S reverse split took place. 8K shares in one block is like 8 MILLION shares pre split.
The pattern lately, from what I've observed, tells me that's a Form 4 buyer again then more than likely. I'd expect to see the ole Form 4 SEC filing pop up in a few days from now. Maybe another $2K or $3K or whatever being bought.
That's my 71 cents or so's worth, for whatever it's worth, which AIN'T MUCH, LOL !!
"Can it go to 70 cents today"?? I think it can go to 70 cents EASILY any day, and then easily lower than that. When these dilution boys run their next big down-leg, I'd say this hits the 50 cent range more than likely in a blink, w/o even trying hard IMO. Every down-leg the dilution firms run (Magna, Asher, etc) they make a new all, all, all time low, then let it recover a bit, but always making LOWER LOWS and LOWER HIGHS continually.
Again, just my 2 cents worth (well 71 cents or so worth), opinion.
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.
