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Re: Eiversen post# 4605

Tuesday, 11/29/2022 10:20:36 AM

Tuesday, November 29, 2022 10:20:36 AM

Post# of 5352
My theory: an attempt to force..a reverse split.

If the best bid is held below $0.01 long enough, the OTCQB status will be put in jeopardy. The only cures that I can think of for this are: 1) achieve enough demand for the stock that the price rises, or 2) reverse split the stock. The long-standing MM OTCN best ask is blocking the price rise now. If this can be maintained, a reverse split is all that is left to keep OTCQB alive. A reverse split can be very profitable for shorts, since a reverse split usually drastically damages the share price.

This theory rests on the idea of MM OTCN (or a trader through them) setting the best ask at exactly $0.01. It wouldn't put a lid on the best bid at below $0.01 if it were any higher at all, even just $0.0101.

I hope that BZWR holds off on the reverse split as long as they can. But losing OTCQB status would also be bad for the share price, so a win here might be tough if there is enough money behind trying to short the stock.

Caution: I have not seen this kind of strategy before, so my theory may be totally incorrect. Do your own research. I have no idea if anything breaks any rules by trading in this way, or even if there is any strategy at work here.

Always be on guard for misleading, deceptive or erroneous messages. I am not an investment professional. My messages are my opinion only, and are subject to change when contrary information is later relied upon. Always do your own research.