iGen Networks Corp (IGEN)

[alabama96]

Sorry, but that is BS. He had a 10,000 ask and he moved instead of filling it at 3:58. If I was bidding a million plus, you may have a point, but I wasn’t. Not to mention, he was there for only about an hour today and playing both sides. I was here at .0008 and .0011 when he was diluting and millions were being bought at his 10k ask and he wasn’t budging.
I’ve seen these MM pop up to induce selling before. If you think every time these certain MM show up it always means dilution, you are clueless. I have been in many stocks when they play these games and the O/S stays the same month over month. If it were dilution the O/S would have increased in those stocks.
Almost all these stock trade the same pattern. Sharp increase in price, pull back, consolidation, and then the price goes higher than it was before the pullback. If you find a stock with little to no debt, there isn’t a better way to make money in the OTC. Buy stocks that had a sharp increase in PPS and have pulled back. Obviously this strategy doesn’t work for a company with a lot of toxic debt conversions, but this stock is pretty much debt free at this point and with the principals buying shares on the open market, company dilution seems unlikely.