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Re: None

Monday, 07/18/2016 1:51:28 PM

Monday, July 18, 2016 1:51:28 PM

Post# of 106830
And BAMMO...there goes the Bid

The Bid just collapsed back to 2.5 CENTS, just like that.

0.025 / 0.032 (89998 x 10000)


SHAZAM

Almost 90K big ole shares now parked on that Bid, and they're at 2.5 CENTS, a 30% loss to the Ask of only an hour or so ago. Buy 30 minutes ago, try and sell now- and it's a 30% LOSS, just like that.

CFGN has had it bracketed all this AM, sitting on the Bid and Ask at the same time, running the "price control" looks like to me. CFGN if one looks them up, is some relatively small-time MM/trading outfit, who's address appears to literally be some converted house, off on some street in NJ. A perfect penny stock/specialty "trader" IMO, looks like right up their alley. Maybe they do work for Magna or Daniel James or whoever- acting as their personal trading desks, who freaking knows?

It's been that MM, market maker "CFGN", IMO, who appears to have been "working it" it for "someone" since last week (who ?, who freaking knows- again, perhaps/maybe it is USRM buying back their own shares again IMO. They were getting really, really close to going sub ONE CENT again, then suddenly these wide-open, wide spread, way off the Ask/Bid buys appear out of nowhere, such as can be seen several times looking back on the 6 month or even one yr chart, especially around the time of the massive 1000 to 1 R/S reverse split when they artificially pumped the price waaaay out, then it rapidly collapsed).

CFGN = CELADON FINANCIAL GROUP LLC

https://www.celadonfinancial.com/

A couple of posts I found here on I-HUB (related to other stocks) state that they've seen CFGN associated with company share buy-backs, acting as their trading desk for them- so who freaking knows. Sounds plausible/possible to me, given how far out the Ask got jacked and on such wide spreads, again, as seen in several of these little "up blips" moves over the past approx 7 months, followed by a 10-K or 10-Q indicating indeed, that USRM bought back some of their own shares.

But the Bid just had the legs ripped out from under it- and is now parked back down at 2.5 CENTS, a big ole drop off the inflated, highs of the Ask-and large spread of the Ask. Typical pattern to me, again, if one just looks at these "up blips" going back well over 6 months and at least till the Nov 2015 time period of the 1000 to 1 reverse split. Seen it several times now- playing out in textbook fashion to this last few days from what I've seen happen in the past (For example: just look at the mid April to early May 2016 time frame on a 6 month chart, 5 cents blown back up to 10 cents, nearly exact trading pattern as these past few days, followed by subsequent re-start of dilution selling and rapid collapse all the way back down to the new all, all time recent lows of 1.3 CENTS aka .000013 split corrected).

My 2.5 CENTS or so worth, for whatever it's worth, which ain't much LOL !! (that's all that's showing on that Bid now), so it's the most one will get right now then for their shares, since that's all the MM's are offering or willing to pay now for any "size" on that deflated Bid.

Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.