Megatech Corp (MGTC)

[LouisDesyjr]

Is someone painting the tape?

What IS going on?

Today, after getting an email with the latest financial statements, I put in an order for 1,000 shares at the ask, just to get some shares and be on the list for quarterly reports and such.

I figure, no big deal, and expect no other trading since it looks like the stock has not traded in days. My trade at $0.0808 is also a 52 week high for the stock. Prior to my order the bid/ask was 10,000/10,000 (market maker?) with the price $0.05/$0.09.

Now, for whatever reason, an additonal 62 shares trade and the price falls as low as $0.01, ending the day at $0.02/$0.04

no idea why my one small block set off a flurry of activity, or at least appears to have.

Louis J. Desy Jr.