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They should’ve at least reinstated the company and come out with some positive news, would’ve been a much more effective pump
Bid moved up, and no ones selling
I can’t imagine these guys letting this nice share structure go to waste. Imagine what this could do with a reinstatement and some positive news, it could fly. This could easily go to over .10. The volume for the last few days was around 6 million. That means over 20 million shares held tight even when they saw an increase of 700%
I wouldn’t be surprised if it gets reinstated soon. It might even be reinstated already, it doesn’t get updated online at the SOS site right away.
This may not be over. I’ve been watching this stock and other stocks with the same management for years. I can’t find the ticker, but in the past insiders have sold their whole positions to foreign holders that build up controlling interests in the companies. I guess these guys that take over aren’t afraid of SEC comming after them since they are out of the country. They then pump it, really hard. The one I was looking at went up 80x. It could be that this time they came to agreement to sell the shares at around .01
Looks like insiders decided to dump their shares after CFO was fined and banned
If it’s a pump whoever’s doing all this buying knows about it and is buying before news comes out and the price jumps
But no one is pumping it, no news
With all this volume and no promotion I guess someone is accumulating
This company also owns the reshoot iPhone app
I don’t think the Wasserman ban today is a coincidence. I think the ban expidited whatever plans they have for this company.
Can someone please explain what a custodian play is
I wonder if standard general is still holding shares
I hope they announce something good and soon
I'm holding.
reminds me of USNL. held that crappy stock for weeks while it kept going down untill it turned around and i recovered my loss
I predict your wrong. Mark this post