SiNtx Technologies Inc (SINT)

[OhManIDied]

The routine of limiting bullish momentum always eventually eliminates the desire for bulls to slap the ask or even sit nearby on the bid. The trend also very effectively fends off any would-be buyers.

As I said earlier, they didn't get a volume spike (e.g. stops) so they will have to force it to languish here for some time if the intention is to collect shares. With time, shares will trickle through the fingers of the weak hands and disparaged investors who they've intentionally trapped on a recent massive bull run to $4+ when 23M shares traded on a single day.. Was the recent patent announcement only of value when the company was strapped for cash?

I expect that they are still trying to cover their immense short position which, as I pointed out at the time of the financing, they put on illegally: knowing that the financing deal was going to be closed. I under-estimated their greed, as the Series B convertibility is more than enough to cover - it is now serving as a risk-killing hedge while they attempt to squeeze every penny out of their plan. I would add more here if I wasn't tied up elsewhere.

The big dogs have large stakes in this which are now convertible at .676. Am I supposed to believe that they were unable to allocate a bit of their attention and some cash to defend their $16.5M position from this simple game? I doubt it.

OMID