Friday, April 25, 2014 11:13:11 AM
The company just hired the promo firm to promote the stock. I bet they paid in shares of stock. The promo firm did the minimal necessary to "promote", and then started selling shares. Every hour or so a bunch more sells occur at the bid, I would think they are all coming from the promotion company. They got them for free, so why care what price they have to sell at?
The only part of the theory that doesn't make sense is why did GBGM agree to do this in the first place? Or... did GBGM get scammed by the promotion company?
Either way, it's pretty clear we're going down. Question is, how far and for how long? And what will happen when they run out of shares?
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