Friday, June 15, 2007 10:09:26 PM
As I noted before, the selling approach changed drastically today, succumbing to low bidders to a higher degree.
Previously, the ask price was continually around 0.0033 throughout the day. Today, it drifted with the bid price.
What if Paul had some sort of agreement w/ the financiers to limit their rate of sales in such a manner that the stock price would not plummet? What if then, after realizing they would make a killing off the forthcoming announcements and snuff out any runs, he gave them the green light to sell away, just to increase volume and get the dilution over with... he may have thought the buyer base would be able to absorb this... but then the buyers got smart due to our message board and started bidding lower and lower, knowing well that the financier would cater.
So, to some degree, the strategy is working in that the volume shares sold went up. However, the share price was not as robust as anticipates.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
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