The recent FNSR trade volumes (in the hundreds of thousands) have been said to be “all a front.”
That is a perplexing explanation. What, specifically, is a stock trading “front.” I’ve been buying and selling equities for 20 years and have never encountered the term.
What is the “front?” Who creates it? How? Why?
At 12:37 EDT, 203,000 FSNR shares have been traded. The latest posted price is $0.0431. If that were the price of all of the trades, about $8,700 has been expended by buyers.
If Freestone is a worthless company, what, conceivably, would be the reason anyone would fork over $8k for 203,000 shares of a worthless, going-nowhere company?
The only plausible explanation I can conceive of is that someone has information that the company does have a viable future, worthy of an $8K bet; to play out handsomely in the future.
Again, explain the “front” thing. Makes no sense. Only plausible explanation is that someone thinks FSNR is worth an $8k position at these low prices.
