the really tough part to deal with here on myec is VFIN and as of yesterday VNDM.
it is only speculation as to who or what is behind those forces,
but it is very evident that if they were not here, myec would be trading at a much higher PPS.
for those who trade for a living, sitting here and watching VFIN undercut the ask or show up when the buying gets big has been extremely frustrating.
there is no way of knowing when they will leave, or if they will ever leave.
i just want to reiterate one thing.
if, in fact it is a debt conversion in the form of shares.
we all must understand that the shares they are selling were most likely exchanged at a much lower price than now.
otherwise they would not be so incredibly aggressive with their strategy.
you would think they would allow a little run up to maximize profits,
however this is not the case.
it is exactly the opposite. you see them back away a few fractions of a cent and then come right back and block the ask showing 10,000 shares. which we all know that is not true at all (and in my opinion, quite a criminal practise.) although there are ways around that as well.
down here in the pinks, its anything goes.
but aint no where else that you can make 1000's of % in just a matter of days.
good luck to all.
still holding. aint folding.
juba.
AI
