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Saturday, May 15, 2021 8:09:41 PM
...most went to the market makers.
Got any actual PROOF to support this nonsensical ridiculous claim????
Contrary to the UNFOUNDED UNSUPPORTED THEORY, it was astute traders, who were bailing out for the weekend!
What MM's would waste their time fighting over a million or so SPRV shares at a penny per share? Keep in mind, a million SPRV shares price at a penny would only be worth a measly ten grand. Ten grand would be the cost basis, meaning there are no gains until the share price goes above a penny. Even if the SPRV shares blew up to .015, the plethora of "blamed" MM's, who might be playing some sort of game, would have to split a measly $5000 in gains! DREAM ON!
BTW, the MM's, more so than even astute traders, would NEVER take on the risk of holding SPRV shares over a weekend!
In investment circles the concept is termed "FINANCIAL RISK MANAGEMENT" and it is what real traders endeavor to do! Nobody knows how bad the SPRV Q1 Financial Report will look and the Report is supposed to be posted on Monday.
There's a very good chance the Friday close of .0083 is not even remotely close to a "bottom"!
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