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Re: otc market movers post# 33785

Tuesday, 12/09/2014 12:22:56 PM

Tuesday, December 09, 2014 12:22:56 PM

Post# of 34476
From a purely technical perspective, of course it's possible. Anything can run on the OTC given the right volume and bid support (exhibit A: NEW*L) - even a chapter 7 ticker. Everyone dumped their shares on news of chapter 7 conversion (possibly even creditors since most of their notes were converted to commons). If a savvy trader/group were to have soaked up the float at the bottom (wasn't there a 35 million buy?), or even now, it could go wherever they like with a little careful planning and some coordinated group work. It's not as if there aren't still eyes on this - you're still around, aren't you? You think 99% of the people who were around for any of the previous runs actually cared about the DD? It is what it is on the OTC. I'm not trying to mislead anyone into thinking there's any hope with this ticker, rather that they use it as a conduit for a ridiculous run we all know it capable of. That being said, if someone needs something to believe in, I haven't ruled any of the following out of the question:

A. Chapter 7 conversion was to shake out institutional shares and regain majority stake.

B. Chapter 7 dismissal will occur on the basis of any of the following: Martin not filing any of the required documents within 14 days of petition (he still has no counsel!), not attending 2004 exam, or 341 meeting. No-asset chapter 7 so there's nothing to liquidate and most creditors converted notes to commons. The trustee is in over his head and without option. With dismissal you see a bear trap similar to the A/S set up and short-squeeze to follow.

So there, those are all the reasons why I think something like that is remotely possible. Do I think it will happen? Well, all I can say is, this is the OTC...

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