Authentic Holdings Inc (AHRO)

[StockBull]

Everyone knows diluters can't sit on the ask, right? It's auto-tossed on the bid.

That’s incorrect. Dilutive MMs are actually known for exactly this type of behavior. Firms like BMAK, PUMA, VERT, and MAXM, just to name a few, sit on the ask all the time. If people gobble up their shares, they’ll continue to add to the ask as they see fit. More often then not, they’ll even hide the true number of shares from L2. Dilutive MMs can also dump shares at bid if there is not enough interest at the ask. This happens all the time. This is what they do.

In GFTX’s situation, they want to convert at .0003 or above. They need some kind of catalyst in order to do so. If people stop buying the ask, they are forced to sell the bid. Why do you think there was so many available .0003s stacked on the ask shortly after over 100 million of them were dumped at bid? Where did all those .0003s on the ask come from? Who would dump over 100 million shares at .0003 and then stack the ask with even more? They just kept getting refilled, over and over again. Same thing happened with the .0004s. Now the O/S is 1 billion. A month ago it was less than half that amount. This is all due to notes being converted into shares. Dilution! On the ask. On the bid. Everywhere. As long as they can convert to make a profit, they will do so.