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If this is a pump and dump, it is a poorly run one. If it's not, Corey needs to get control of the old hand doing the dumping.
Or passed around.
There is also a good chance the big seller is posting on this board. A damn good one.
The way most of these start ups are put together.
I would bet he has many millions of shares. It will take quite a while
Obviously ATDF doesn't think this company is going anywhere.
Old hand, probably zero based shares.
Looks like Corey finally got the Japanese to get in.
I wonder what Corey is doing with the private placement money? Masters in Japanese Studies?
I still contend it's long time share holders who know this was just a pump.
If it is not profit takers then who would you think it is?
Good morning bag holders.
I have never shorted a stock in my life and the fear on this board is the result of the price action.
My take is there are recent active posters who know the exact answer to your question.
Never thought for a second it was .03 sellers. Old hands are dumping.
There's lots more for sale, big shooter, get in and get you some more.
If you have insiders dumping the stock you have to ask yourself.... what do they know?
Like I said before, this is not recent players doing the selling.
So how does Corey eat these days? I have a good idea.
With the action this morning it looks like Buffet has finally taken a position.
Put in a bid for a half million shares at 9 cents and see if it doesn't get filled.
Those are birds over head.
Look at those pictures guys, there is gold just laying around in the mine waiting for someone to figure out how to pick it up off the ground. We need somebody with a degree in Japanese studies to solve this mystery and we are off to making hundreds!
Finally, the heavy hitters showed up.
It would be naive to think the company isn't selling shares including Corey.
"significant sales" is what I said. Sales that would support a share price above common house dust like you have now.
There are only two possibilities for this company not ever having any significant sales.
1. The Gizmo doesn't really work as advertised. If it did, a trig baby could sell it.
2. The Gizmo does work but the company officers are the most incompetent bunch to ever stain the pinks.
Would like to see more volume in the latest buys.
I told you so.
The people who run these P&D's aren't total dopes. They know just how much real appearing business activity to engage in to appear legit while they dump millions of their zero based shares.
Very hard to prove criminal intent. This one was very obvious from the start. Share price over $1.50 before they had anything going AT ALL other than heavy email campaign by paid pump services. Vague announcements of implied future success and zilch in company assets. 100% of the time that is a P&D. I called this one a year ago. It has been a text book example.
I really hope the people who got ripped off get some relief but the odds are heavily against it.
Someone with a boat load of shares is willing to dump them for around .03. There is only one possibility for that action to occur. If you don't know the answer to that, you should not be in penny stocks. IMO
If you really have to own this stock put in a bid for 300,000 shares at .03 and see if you don't get it filled.
Not likely to happen at all. These happen more often than not although this one was one of the more recognizable of the P&D's.
I would be very surprised if Butterfield was even in the US.
Another good question is who would sell at those sub .04 levels? I bet I know.
I feel compelled to remind people that if you have a gizmo that gets the advertised mileage gains of the dynovalve and can't sell it in mass quantities after several YEARS, you are left with only two conclusions. Either the gizmo doesn't work or the marketing element of the company is incompetent on a level that is unfathomable.
It's like trying to tell people you have a gizmo that turns water into gasoline but are having trouble selling it. Get real.
Within a penny at today's low of my target of .02. I may have to adjust it lower if this action continues.
Because they have tens of millions of zero based shares and they know the stock isn't going anywhere.
The days range on this site shows a low of .045 but even if that is wrong and it was .05 my point is no less valid.
Despite this supposed good news, someone was willing to dump shares at .045 today. Now ask yourself, who would do that? IMO, someone who has millions of zero based shares and knows this stock isn't going anywhere.
That's what they are telling you. Much of what they have said since their inception has not been accurate, hence the present share price. I called this one a year ago as it was obvious even then.