InvestorsHub Logo
Followers 3
Posts 133
Boards Moderated 0
Alias Born 08/08/2002

Re: siar post# 2785

Thursday, 04/08/2021 8:34:05 PM

Thursday, April 08, 2021 8:34:05 PM

Post# of 2810
My guess is whoever is offering to buy 10M shares

at what was it, $0.0011, is the same person who has been shorting the stock in such large volumes. It's actually genius. If the order gets filled he covers the shares he sold short at higher prices and if it gets folks excited and they bid up the price he can naked short sell them even more shares. It's a win-win for the short-seller because EIPC IS A DEAD COMPANY.

In any event if folks did not take advantage of the much higher recent prices (percentage-wise that is) to sell their shares they aren't likely to sell to such a low bid now. If the person seriously wants to accumulate shares then we will see him rachet-up his bid over time, but I doubt it.

Even though I'm 100% out I find this interesting to watch :)



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.