Genesis Electronics Group Inc (GEGI)

[RN1]

True...now this is just strictly IMO...but it is quite possible that insiders have had many shares to sell from before the court order. Think about it.

For a stock with around 1B shares to trade, GEGI was trading super thin, like a stock with < 100 mil OS, not 1B. A couple million in volume could lead to massive price changes. Now it seems much more difficult as higher ask walls are being put up.

Again this is speculation on my part but there has never been insiders who didn't own a ton of shares that they issued themselves beforehand. The market as a whole seems much more skeptical of GEGI but even this price dropping seems a little much to be retail.