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It's hard to spin today as other than horrible price action after all the hype and the actual deal being announced.
I still maintain it's an old hand with millions of shares, not restricted, who thinks the company is going nowhere. In other words, a dumper.
Taken in it's totality, I rate the DD on AFYG below that of others I followed IHUB that are all presently at a fractional penny on PPS.
I see the brushes are wet, let's get some paint on this pig.
You don't get cheapies unless someone is happy to sell you cheapies.
I'm looking for a low volume paint on the tape at the end today.
This looks like a classic P&D to me.
Shares plummeting on high volume is always a sign to buy with both hands. LOL
How hard was it for Corey to make a deal with another company he co-founded and retains a 24.5% stake in? Must have been a real beetch.
Could it be that people pumping this stock are actually sellers? Has that ever happened before?
Pretty hard to put a positive spin on this dismal action in the light of what was supposed to be blast off news. Might be time to wake up and smell the skunk here.
Corizona was co-founded by Mr. Corey Sandberg who currently retains a 24.5% interest in the company but has not served in an executive management capacity since May, 2013.
Continues to slide despite the news, not good.
I would guess a significant portion of the float are zero based shared. They are making good money today.
Insiders are smiling today.
There is only one reason for a penny stock to go down in price. And that is because sellers (mostly insiders) are flooding the market with stock. Anybody who tells you otherwise is conning you.
Not even close.
Everyone except for ATDF needs to just head into the weekend.
Not before it's over you won't.
I hope people have come to terms with ATDF being a bottomless pit.
It's almost as if someone knows the goal for the 16th is not going to be met.
Nice little paint.
To get the new money to jump in.
It's possible that it is being passed back and forth to give the appearance of real volume.
It's like milking a herd of free range Holsteins.
Check all the other stocks I have followed on this board. They are filled with LOI's and are all sub penny at this time. I hope I'm wrong for the first time here as I hate to see honest people get fleeced. I see the price action here as very suspicious yet predictable.
Personally I view LOI's as worthless. The only thing I see here that doesn't seem worthless is the private placements, yet I remain skeptical of those too because all the rest looks like a lot of thin smoke to me.
So you never saw an LOI on a penny stock fail to actually result in a deal? LOL
Lots, IMO.
I have no inside information other than seeing dozens of stocks similar to this one. That makes the action I see here very predictable. Jiggle the bait in front of the new money. Any real insider here is going to talk very bullish so that pretty much excludes me.
LOL at LOI's.
ATDF is back with his big blocks. Who would have guessed?
I certainly hope it wasn't something I said.
If I was the old hand dumping here, I would join the board and offer other plausible explanations while pumping the stock.
Why would a legacy shareholder dump if this thing is going to the moon?
BTW, I see more large sell blocks in the near future.
I would be very surprised if that were the case.
My estimate is millions.
Old hand seller is chasing all sizable bids.
Put in the bid and it will get filled.
People sell stocks for what they think they are worth.