American Scientific Resources (ASFX)

[Mariner*]

Yes it does. Supply and demand rule the day, which is why I suspect that the majority of the shares traded in January when we had those high totals were all Cross Trades or Wash Trades robbing peter to pay paul. The MM's still made money on the deal by buying on the bid and selling them on the ask, Market Makers always make money.


https://financial-dictionary.thefreedictionary.com/Cross+Trade

http://www.wisegeek.com/what-is-a-cross-trade.htm

https://www.investopedia.com/terms/c/crosstrade.asp

Crosstrade, Washtrades, Matching orders whichever you want to call it, are how a Market Makers can cut a transfer agent out of the deal and just trade shares from one hand to another, without having to pay anything to the company coffers.
Which in the case of ASFX is a honey pot, because they are closing out a five year Chapter 7, which they didn't want to disqualify for by making too much money.
They didn't want shares going out of the company coffers making them accountable money which the creditors could use against them to bump the Chapter 7 up to a chapter 13.

Anyone see how that would be a honey hole for the market makers???
Here's the rub, when you get shareholders that are perfectly content to "Hold" company shares in their accounts long term, it's throws off the MM's strategy to rollover some cash.
I "Think" and it's my "Summation" that this is the case involving this security.

So, that's the long answer to hold onto shares, and lock them up into a GTC order [for as long as you can] for a high PPS.

My thoughts are that the float after five long years of shenanigans, is [or is pretty dam close to being locked up.]

I know, {as well as anyone else that has been observing this stock} for any time at all, has seen what any small amount of buying does to the ask, it get's bumped up fast.
So, any amount of substantial buying that comes into this security is going to make it go gang buster.