Quote LOL, "Yep, also nice bids and very thin to 2 not a bad day!"
It's not "thin" to 2???? HOW SO????
MM, market maker BMAK has a 10K share block parked at .0180 and it ain't EVER going above that IMO, not with that particular MM sitting on the Ask. BMAK is the dilution MM for either Magna or one of the other dilution lenders. Simple as that. Easily researched right here on I-HUB, among numerous other places.
BMAK's 10K share blocks are "bottomless", meaning you'll never fill um, until they're ready to pull off the Ask.
If this is so sh@t hot supposedly right now, WHY has the Bid barely moved 1/10th of ONE CENT off it's all time LOWS???? The Ask doesn't mean jack, if the Bid doesn't move? One can buy the high-spread Ask, due to all this pumping, then turn around and need to sell their shares- and are gonna be wiped for a 20% or even 30% wide-spread loss in less than 1 hour, even less than 15 minutes. Cause the Bid is never moving.
The LOW BID is what sets the convertible debt price for some of the lenders (see the SEC filings on Magna, Fourth Man, Daniel James, etc and read the conversion formula, how they set their price when they want to convert- something that will read like, "The LOWEST PRICE or LOWEST BID of the past 5 days, prior to conversion, blah, blah, blah"), the other one used is the DAY'S LOW, and one will notice, that the MM's always manage to get at least one big down spike in during the day, or even close it near the low, to keep the 3, 5 or 10 day "AVERAGE LOW", in the range they want for the convertible debt boys.
Nothing but empty air on that Bid, it will go back to .0130 or lower in a freaking BLINK.
Nothing happening here that I can see? Can't even move it, with all the pumping in the world. DILUTION runs the show IMO, aka the convertible debt boys and the MM's that handle their order flow for um.
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
