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Re: King Dut post# 7482

Thursday, 04/01/2021 12:55:40 PM

Thursday, April 01, 2021 12:55:40 PM

Post# of 20989
Last week I tried to place a very large bid just below the current bid, and the MM's "strangely" wouldn't bite - I say strangely as the volume was light, and typically the MM's will move in either direction to keep the flow moving, especially to pickup a large order.

Based on everything I've been seeing regarding the trading pattern the past couple of weeks, I strongly believe CSTI is a friendly MM - for some reason (CSTI) ALWAYS supported the bid each and every time the PPS dipped below .01 I'm thinking this isn't just a coincidence - not saying that this MM is "directly" working on behalf of BLPG/HYPUR, but certainly could be working "indirectly" through a third party.

I also believe that the split price is already priced in - this is the 6th trading day since the NV registration, and 4th trading day since the 8-K filing - if you look at the trading range and closing prices, one clearly sees a pattern of holding well above .01

Take a look at the chart on March 24th & 30th - this is EXACTLY the dates where CSTI was raising the bid aggressively.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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