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Re: bgrass1 post# 29580

Thursday, 03/24/2016 8:11:09 AM

Thursday, March 24, 2016 8:11:09 AM

Post# of 205107
Bgrass1, true some of it is flippers, but most flippers want at least a 30% return on a flip, if not a little more. And if we have increased so much the number of shares recently, and it is flippers, then why is the ask at 5 to .001 at least 20, 30, 40, 50 million? The ask hardly reaches 5 to 10 million, except for those bid sitting at 3.

I have flipped a few shares here the past year and usually buy 4 to 5 and sell 7 to .012. Nothing wrong with that while waiting to see if this company can turn things around. And I have a large base of shares I do not sell just in case we do see good improvements.

So, in all, I do not think the bid/ask supports your theory of all the buying just being flippers.

JMHO