Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

Agreed. That is why it usually isn't normal shares they are grabbing. The other times I have seen this there was a large amount of shares being unloaded by the company or someone who had a large amount of shares that have become unrestricted.

They turn these shares over to some financial entity, who is likely an MM or connected with one, to sell for them. So when the other MMs buy up those shares and don't report them until later there is no one really to notice or cry foul. The selling entity/MM doesn't complain either, because that's just how the game is played. Most of this is speculation.

I watched NHYB for month and months last year not taking a position. Both the company and newly unrestricted shares were selling into the market. The MMs saw these shares coming and drove it into the ground. The CEO whined and complained, but it was his own doing. The MMs finally started covering and there was a week of formT trades often doubling the days volume. Eventually the selling stopped and the share price doubled.

They got driven into the ground again later because the company had no revenues and was lame and probably continued to dilute. In our case I think we will see a reversal because of the known fundementals.