Speaking very hypothetically, what if the people currently sitting on the ask would do the following:
a) near the end of the day, cancel all their orders so that the ask rises to 10c
b) buy a tiny number of shares off the ask at 10c
The closing price would then be 10c. And if there were no trades the following day, then the PPS would stay at 10c. Or, what the heck, why not 20c?
What would this do for shareholders? Well, Marcus might be trying a strategy where he buys back shares from all of us at the "market price". Of course, the market price is a JOKE, because it is Marcus's decision to keep IDLM's owners (us) uninformed that has led to this low price in the first place.
Now, I'm not recommending that people collude in any manner. I'm just envisioning a different world in which people WISED THE HECK UP and pursued their self interest instead of trying to force this stock lower and lower and lower without any real benefit to them (and with a potential real cost).
I have not sold ANY shares. I do not have any orders open to sell shares. I am not "on the ask". I am not buying shares. I am holding.
And I will not engage in any tape-painting trades.
But I sure as heck can imagine a world in which the day-to-day closing price of IDLM stock hovered around 10c to 20c for weeks at a time... And I think it would be in everyone's advantage for them to imagine such a world as well...
Wadi
I am obviously NOT an investment advisor.
