Much has been said about VFIN…and his role in controlling PPS, and then causing the PPS to drop.
VFIN sat on the .012 much of the day, and when the share price tried to break through that resistance, he just sat there, with his 10,000 share offer, knocking down any attempts of the bulls to break through this resistance.
This is frustrating for the bulls, who are trying to mount a rally and break through a PPS stronghold that has been created by MM’s such as VFIN, and the other 3 major players in ERBB (NITE, ETRF, ATDF), with an occasional other MM taking a turn.
Let’s examine the share activity of VFIN for the months from January through July of 2014:
NOTE: VFIN ONLY SHOWS UP ON THE ASK…NEVER ON THE BID…AND HE IS KNOWN TO WORK FOR SHORT ORGANIZATIONS, HEDGE FUNDS THAT SHORT, AND/OR ANY DUMPING OF SHARES BY CONVERTIBLE DEBENTURES, OR THE COMPANY MANAGEMENT. When his work is done…he is gone. He pretty much always throws up a 10,000 ask and just keeps sitting there as people keep buying with him on the ask…obviously not knowing that he is there to drive the PPS down for his clients. He sometimes shows larger numbers on the ask, but usually wants the bulls to keep hitting the ask, thinking that 10,000 number is real, and not a “head fake.”
VFIN:
January 198 Million shares traded
February 103 million
March 23 million
April 30 million
May 46 million
June 21 million
July 12 million
TOTAL 433 million shares either shorted and/or dumped
One can never rule out the possibility of VFIN “naked shorting” this stock, which would add a different spin to the 433 million shares that VFIN had a hand in. Hmmm???
An observation also was that the more intelligent, knowledgeable, with the most extensive DD, that are the most believable, and frightening, pulled back, as well. Oh, they pop in when there is DD that is good, and they are assigned to challenge anything that is solid.
When looking at level 2 all day long, it is important to watch to see when VFIN shows up on the ask, when he leaves, and whether he stays on the ask, or just disappears completely from the ask.
Note: If, and when, the MM’s quit being Market Manipulators, and become Market Makers, again…and it will happen, as the big money is there for them and their clients, they probably will certainly shake the tree…ONE MORE TIME…as they know that there are a lot of frustrated shareholders, some of which, understandably, are a bit on edge, as they have invested quite a bit on American Green.
Someone mentioned they were going to buy 10 million shares in the morning, and that it was going to be millions of dollars. Actually, at current PPS it will only take about $120,000 dollars to buy 10 million shares.
I do not know how much PPS movement a 10 million share buy will cause, especially if an MM is sitting there taking our buy order, and selling shares that they do not have, or short selling the stock, themselves.
An example of what could occur in ERBB, I saw an investor, with deep pockets, one time, show us, as he was talking live to us, how he deliberately caused a stock, that was oversold, shorted, and manipulated, just like American Green, to break through and begin to run. He was talking to us, telling us to watch the level 2, and see a certain MM on the ask at, say 100,000 shares. He would buy the 100,000 shares, who would then move down off the ask, and then he went after the next MM in the order…until the resistance was broken through, and there was clear sailing…as the MM’s were ready to let the PPS run…as the shorts began to propel the PPS higher into a clear blue sky. I wish I had paid more attention, but that is basically how it was done.
NOTE: a team of buyers could, theoretically, become organized, and systematically take out the MM’s till the resistance was demolished…this is all based on the honesty of the MM’s with their bid and ask positions, minus any “head faking”, and other manipulation games that they play. Is this not what goes on daily in most of the stock promotion scenarios, wherein they band together, buy up the stock before others, promote it, then let the eventual bagholders push the PPS higher for them?
It would be foolish to understimate the forces that stockholders in American Green are up against…they are powerful, and well funded, and for us, and American Green, to understimate them is a huge financial mistake…as they intend nothing but to cause fear, division, and destruction to those holding shares. A known fact is that thousands of fledgling companies, such as American Green, are shorted out of business each year in this country. Companies that had enough going for them to become a profitable company that would make millionaires out of many…if we all would just be patient, and wise.
Hold all those millions of shares…lock them in at a very high PPS, so that the MM’s cannot get them and short them…take the naked shorting MM out of the process…buy wisely…stragegically…and everything else will fall into place…IF AMERICAN GREEN IS ON THE UP AND UP, AND WILL DO THEIR PART… LOL
Another thought…as VFIN sat at the .012 level all day, knocking down attempts of some bulls to break through the upper resistance, this .012 probably has become a formidable upper resistance that many of these millions of shares could be used to break through the barrier…provided that VFIN is not sitting back on the ask. In that case, one might be wasting their money, and strategy, in a bottomless pit.
Always be cognizant, in spite of what you hear, that there is a 25% - 45% short position on any given day…and, also note that certain bashers have mentioned their shorting the stock.
It also does not appear that the company is dumping shares, as this usually is done through large blocks of shares. For example, I personally watched 80 million shares being dumped, in 9 million share blocks, until the dumping was completed…and then that MM disappeared.
Behold, I awaken this moning and look at my level 2 and it says .013 – imagine that…it’s amazing what 10 million shares traded can do. But, there are several hills to climb before there is smooth sailing. Those sorry MM’s…just doing whatever they want…when they want… LOL
My one post of the day…JMHO, of course, FWIW… $1.11
“Wisdom is glorified in the market places. She raises her voice in the streets.”
