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Re: bucks2pennies post# 8567

Thursday, 05/11/2017 3:51:06 PM

Thursday, May 11, 2017 3:51:06 PM

Post# of 59919
Yes 46M new shares were probably added to the float today. A noteholder probably was given those shares by the company in exchange for cash. The noteholder contracted a MM to sell the 46M shares. The MM did that and when he was finished he then actually "bought" the 46M shares from the noteholder for 46M X .00122 which includes the dollar amount he collected from selling the shares minus the commisions he charged. I surely could be mistaken (I have never worked in this area) but that is roughly how I believe this system works from what I have gleaned from others here. Double-counting on the volume happens all of the time in the OTC. IMHO