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Alias Born | 01/28/2013 |
Tuesday, March 17, 2015 11:50:11 PM
They are flippers just like most players here in pennyland. They have been selling ever since the first tranches of the 22M shares of the .05 PIPE stock began unlocking last JUL-2014.
And when the sp ran up to .21x, they sold some along the way and rode the runup for the rest of their shares. But now that the run is over, they are selling more -- and they still have millions left.
Remember, when pumpers like JOEY Z and his gang are sitting on 22M shares of .05 PIPE stock, they are not necessarily looking for the highest prices to sell into. Oftentimes, pumpers are simply looking to generate liquidity so that they can simply dump w/o cratering the sp with each tranche they sell -- and they are happy with selling at flat prices. But if a runup comes along, then this is a bonus for them and they will happily ride it as far as it can go prior to resuming their selling.
And also keep in mind that it is much more than just the 22M shares of .05 PIPE stock, and it is even much more than even adding in the 6M shares of the 0.00 stock that was doled out to them by SCRC in exchange for pumping the daylights out of SCRC... ...we need to also count all the other shares that JOEY Z and his criminal crew may have frontloaded or otherwise bought on the open market. Why? Because once you average in the 6M shares of 0.00 stock and the 22M shares of 0.05 PIPE stock, then ALL of the shares that these con artists own become interchangeable and priced to sell. So, in essence, we are looking at much much more than simply the 28M shares of 0.00 and 0.05 PIPE stock that JOEY Z and friends are trying to liquidate... ...and even at the current price level, their .05 PIPE stock will still sell and earn them more than a double...
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