No sales into the 100,000 bid.
The notion that no one is selling, in the murky light of some forthcoming foreclosure (predicted in some posts here) because they would lose money is incredulous.
Clear fact. The majority of shares are held by company insiders, who know the company’s future. They have not and are not liquidating their positions. No one is.
Clearly, if a company is going bust, with no future, it’s best to sell as many shares as soon as possible. Recover whatever remaining value one’s position in an equity presents itself. Why wait until the price is sub-penny. Sell soon. Sell quick. Before the worst times come.
There is not a bit of anticipated “bad times” sales by FSNR insiders who, for so long, have retained their positions.
And, someone wants to buy 100,000 shares at a reduced price. Why wouldn’t those with knowledge that the company were going bust, the insiders, not act on this? Why no sales into the 100,000 bid?
