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Re: stochog post# 8272

Friday, 08/11/2017 10:48:56 PM

Friday, August 11, 2017 10:48:56 PM

Post# of 45833
Somebody had asked a day or two ago why they were at 10 bucks. I will explain it. Back when the float was sold and the MM was hired to sell the shares they tried first for 10 bucks. They came up with their elaborate story and tried to sell it at 10 but got only a few takers. So a few got suckered at that price but they were not moving the shares with any volume. So then they revamped the story and dropped the price to 4 bucks. Then finally they started moving them. As they got near the end then they unloaded at 3.50 sold a bunch down to 2.80 then tanked the stock with the remaining few they had left to get rid of. One of the guys working for the MM told me this months ago.
Now they had no idea that the company would ever be successful and did not care as they were making a huge commission and bonus selling them. Enough people were involved that when it was finally realized the company was going to succeed and we saw the price run up then the MM or others wanted back in and why we saw the shakeout the last day or two to grab what they could. I hope nobody panicked and sold as I did warn this was going to happen.
Now they are going to help push it up to unload and this shakeout will happen again. Their only problem is that the float is so small that as more learn about Sunset and the shares go to stronger hands then the MM or others will lose their influence in controlling the price to any degree. That is becoming evident now. Hang in there folks.