Quote LOL, "It will be interesting to see what USRM does today."
Yeah, will be "interesting" to see how long USRM or whoever is "running this up" can keep it up. The stock is moving on massive spreads of like 30% to 50% at a time, on measly buys of maybe $5K to $10K max at a time, then getting crushed back down by 20% or 30%, end of day each day (Yesterday being a perfect example).
If one watches the Level II (like yesterday for example)- they, the MM's ran it wide-open in the AM, just a massive, massive spread opened on the Ask and on little volume, as if "someone" (USRM IMO) was willing to buy the Ask, no matter how high the MM set it.
Later in the day, just like last week, MM "AEXG" (AEXG via simple research is strongly believed to be related to convertible debt lender Magna, that it's "their" MM of choice. One can Google it, find I-HUB comments on it, etc)- then AEXG slides right down into first position on the Level II where they "parked" in 1st position on both the Bid and Ask until the end of the trading day (where they were only minutes ago this AM by the way, until they "cleared" way, way way off and SHAZAM the spread on the Ask went Grand Canyon wide again, LOL!! No, nothing "odd" there again???) AEXG shows up post the mega-spread run up like yesterday and the price instantly gets crushed back down approx 25% or more in a blink- from the AM pump highs.
USRM will be releasing their 10-Q in a week or so- it's due. Looks to me like they're desperately trying to pump their own shares for some reason? They've done it several times in the past- who knows why? I have my own "theories" (and that's all they are is my own theories), but if one read SEC filings after some of those prior little mini-pumps "blips" where USRM bought back shares (using borrowed money of course- as they have little to no cash of their own at any given time- just debt and borrowed dilution convertible debt to create any cash balance they show at any given time)- they then showed things in their SEC filing(s) like paying back some "note owed" or some prior "debt owed" and it was in SHARES OF STOCK of course. Meaning, it was very advantageous for them to "run their stock up", prior to issuing shares, as they had to issue a whole lot less to some "note owed" (like one of their debt "guarantors" or Murphy, etc)- only to later have the shares rapidly collapse back down under the weight of the convertible debt shares.
Also, the series of 13G's issued- it could be related in some screwy way to that mass dilution by convertible debt holders Daniel James, Fourth Man and perhaps some odd-ball interaction with them and Magna, as Magna holds the lion's share of the convertible debt- maybe the other firms are screwing up Magna's ability to convert or something in a timely matter?
Who freaking knows? All I know IMO, my personal feeling- is no freaking way are these buys on massive, massive, massive spreads due to any real "retail" buying. Doesn't wash for me. This looks like Nov 2015 all over again to me- when USRM tried to pump their own shares post the massive 1000 to 1 split period (which lasted what, like 2 or 3 weeks maybe, before collapsing?). Daily trading during that Nov 2015 "mini pump" looked near EXACT to what's been going on for about 10 days now- complete with the same MM, market makers moving off, 100% clearing the Level II stack whenever the Ask goes massively high on some 30% plus spread, only to have the "usual suspects" of either AEXG or CFGN (typically) come back down on the Ask later and crush it like a bug. The Nov USRM little mini-pump didn't even last a month- and within a few months, the shares had collapsed, losing more than 50% rapidly, and then 70% and eventually about 90% of their value in a few short months after that. From dollars to PENNIES, in a period of a few months.
Again, looks like a fake, USRM or debt holder driven pump to me- I don't see it lasting. I thinking the timing to the release of the 10-Q and the issuing of multiple SEC 13G's makes it highly suspect to me. The spreads make no common sense- who as a retail buyer, would pay a 30% or more spread, only to see it erased at the end of each day, or in the following week, as happened last week, when the stock rapidly collapsed right back to the 1.5 CENT range, after being run-up about 100% or more, to the 3 CENT range, again, on buys of almost no dollar or share volume?
I'd give it 30 days or less, and I'll put my money on the dilution MM's crushing it right back down, whenever they need to convert their next big round of dilution shares. Magna being suspect number one, probably via MM AEXG doing the "heavy lifting" for um- as has been seen on the Level II going clear back to Nov 2015 and even prior to that.
My 3 cents or so worth- as the Bid stays pinned down like always, LOL !! Buy the Ask, and if one wanted to sell literally 1 hour later, they'd be sitting on a 25% or more loss each time. FANTASTIC, nothing "odd" or unusual about that???? FINRA probably needs a little peek at this odd-ball trading of the past week or two IMO- to see "what's up".
