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Friday, April 23, 2021 7:28:41 AM
These types of tickers usually have very few sellers, beyond the initial seed investors, if the sellers don't want to sell for peanuts, then they don't have too....so if speculators want to buy, then they have to pay a higher price, that's just the way the market works, supply and demand.
So the market cap is irrelevant, for both HWIN and EWST, IMO. If there is something fraudulent going, then the SEC will sort that out, it's not OTC Markets or David Einhorn to tell anyone what something should be valued at, or try and manipulate it to what price they think it should be.
Granted I will admit EWST, started trading a little sketchy, with a 150K share drop at .02, but I doubt a single public investor has actually lost even $1 in EWST or HWIN since it started trading, before Einhorn made his big stink, as they have been very thinly traded, no pumping or dumping that I've ever seen, not really even any major price swings.....just over all very solid.
I just think this is a dangerous precedent, the market determines the value, not OTC Markets or Einhorn.
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