Wrong. I for one bought 6 million shares in one shot one day and it didn't change the ask not one bit it showed 149M & stayed 149M. With your logic, the ask magically changes by the 6M the very moment I bought Wrong.
Ive seen days when the fake hasnt been run. Those were higher vol. days btw.
The fake wall is meant to discourage traders from attacking b/c one doesnt know how many need to be bought to take this stock to 0.0002.
The tactic is used by most hedgefunds on most stocks.
Sure there has been dilution & its very common on most pennies. Although here some are comparing it to impending doom.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.