There's a current Reverse Merger being run up with promise of riches. (I won't mention it by name, but it has a China connection.)
I suspect that the old holders and debt holders (if any) sold out their shares to some group a couple weeks/months back and now that group is selling their load to the general public.
The issue with getting involved is you don't know how much that group has and what they think is a reasonable amount of gains.
The only thing I know for certain is that they want to remain in the darkness out of the investigation of the SEC and such.
Gone are the days of seeing stocks run into $5 and $10 and higher.
They know that if that were to happen, there is far higher chance of scrutiny.
But running up to $0.01 or maybe $0.10 ? There is very little proof that anything will happen.
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