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Re: WillForeall post# 23284

Wednesday, 03/12/2014 11:39:57 AM

Wednesday, March 12, 2014 11:39:57 AM

Post# of 112564
Its not a group or individual shorting this stock. It is the MM NITE. It has been him for a long time. Level2 clearly shows manipulation and has for weeks since volume has come in. IMO they were hoping for the 1 billion restricted shares to be sold into the float as that is what is generally done when restricted shares become unrestricted ( which by the way was supposed to have happened shortly ).

Its like wanting to cover a debt that is outstanding with money from an inheritance and then the will is changed at the last minute before the person dies and now the inheritance goes to someone else. The person who is trying to payoff the debt and was banking on the inheritance to pay the debt now has to find the money somewhere else. In this case the MM's we're banking on the shares clearing and becoming unrestricted which did not happen. I hope this illustration does not offend anyone. All JMHO


loco

All my iHub posts are just my opinion. It is not a recommendation to buy or sell a stock. Due to possible human error, I cannot guarantee the accuracy of the posted information. As always do your own Due Diligence before investing.