Truth is today wasn't that great for KGET even though it went to Trip 3. It started out fantastic until some 'BIG Bombs went off' - probably the company offloading - to pay for Bo Linton's dancing and karaokee lessons - which killed the momentum today. There were 38.6% BUYS Vs. 61.1% SELLS. It did finish #3 in volume of all pink sheet stocks today. But the breakdown (Buys vs. Sells) is disappointing because of the 'behind the scene' nonsense that happened.
BUYS SELLS DATE
92.9% 7.1% 03/20/17
100.0% 0.0% 03/21/17
98.5% 1.4% 03/22/17
59.2% 40.8% 03/23/17
78.0% 13.1% 03/24/17
100.0% 0.0% 03/27/17
98.9% 1.1% 03/28/17
48.1% 50.1% 03/29/17
10.1% 88.3% 03/30/17
50.7% 48.8% 03/31/17
96.9% 0.0% 04/03/17
100.0% 0.0% 04/04/17
88.9% 7.5% 04/05/17
99.0% 0.9% 04/07/17
38.6% 61.1% 04/10/17 Volume 444,705,198
SELL BOMBS that went off:
11:00:40 - 18,000,000 shares sold
11:45:40 - 31,516,434 shares sold
12:40:03 - 36,000,000 shares sold
16:01:40 - 20,000,000 shares sold (form t)
16:09:57 - 54,000,000 shares sold (form t)
FORM t trades on the OTC just about always involve heavy dilution and DUMPING!
FORM t TRADES:
A Form T is a form that brokers are required to use to report stock transactions that occur after the market's usual hours.
Those that claims this manipulation does not happen surely does not understand the OTC Market. Market makers are in place to 'control' the price of a stock and to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors, company owners or the market makers themselves.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor or company dumping for cash.
