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Re: mfaphoto post# 148731

Friday, 05/14/2021 10:04:16 AM

Friday, May 14, 2021 10:04:16 AM

Post# of 222214
Why on earth do you keep saying SBC is selling shares? They are NOT stock traders, and if they were, there would be far better stocks to trade. SBC has 1B preferred, restricted NSAV shares, and since they can't sell any of them, they aren't selling anything.
However, if they WERE selling shares, they would not be stupid about it and sell at market. THAT is why the price drops - people selling at market causes an instant price drop. Selling at a limit doesn't cause a price drop, but it DOES prevent a price increase until the order is filled.
So, everyone, ignore people that claim SBC is 'trading' shares of NSAV. Not only is it not selling shares, it would not stoop to dicking around with a penny stock to raise capital. They know how to borrow money, and 'gambling' with a stinky pinky is not one of them.