Monday, November 21, 2016 5:45:31 PM
Vandham Securities is NOT a retail market maker, they are clearly selling for a client with a large amount of shares to dispose of, but folks are buying them up. It's definitely not iHubbers buying but someone is. Hopefully it's insiders and there isn't some sort of under the radar stock promotion going on, otherwise they will be a problem going forward once/if VNDM runs out of shares.
Bottom-line is I can't tell if the action is good or bad, I think it could go either way at this point. If this was 3 or 4 years ago I'd swear this was being set up(loading phase) for one of the better promotions APS, TBX, SMA, etc. Decent promo's like that don't really exist anymore though.
I have no clue whats going on, in a months time this could be .02 or $2 neither would surprise me.
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