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Re: waterchaser post# 127587

Saturday, 05/15/2021 5:35:41 PM

Saturday, May 15, 2021 5:35:41 PM

Post# of 132366
The fact of the matter is, there wasn't cheapies galore. There was one and a quarter million shares below 1. And out of those shares that were traded below 1, most went to the market makers. If there was 50 million shares below 1, what you said would have some merit. But I think the market makers were deliberately pushing it down to see who Sold into the frenzy. If The float on the stock was, lets say, 20 million shares, then a quarter million traded below one would have some impact. But since there's over 500 million shares in the float, or in the outstanding share Count, then all it really meant was somebody was pushing it down to get a reaction from shareholders.