Manzo Pharmaceuticals Inc. (MNZO)

[DragonBear]

70 million bid triple 3 on Friday


A boring possibility are previous GTC buys for the volume recorded were still out there. Brokers gave up, and handed off to the MM, who gathered em all up, and presented a single bid on the stack. Not everyone in the Microcrap OTC world logs into IHUB everyday or even every week/month. Possibly not knowing their dream buy GTC at 0003 finally got hit, until their broker statement arrives.

Difficult to believe a single retail flip trader would plop out $21K, or a group of 21 would plop out $1K, and try a retail pump. At one time MNZO was heading towards becoming a cult Microcrap scam stock with Kenny as the cult figure. If Kenny were still around, MNZO could've been hit with any other evil news, and still been able to be pumped. Alas, Kenny is gone.

Last I checked (i.e. been a busy couple of weeks), all management had run away. Leaving MNZO as a Zombie stock. A weakness of the system. The SEC should have the option of giving the stock 10 days to trade, and then suspend it permanently. Another alas... they have no mechanism to do so. Thus, it will continue to trade as a Zombie stock for years to come. FINRA might remove the ticker if zero trades occurs over a period of years.

Fun will be for those who are unable to sell later, and wish to declare a tax loss. A rare Zombie trade still makes the stock tradeable.