Friday, October 19, 2007 12:52:13 PM
Because you will have to if this idea of yours can be supported.
Because any shorts by the MMs will be covered by them gathering all the 1s sold into the bid for their covers and not for any retailer to accumulate or for INXR to buy.
No, you're wrong probably simply because as long as MMs actually allow the stock to keep trading (and they don't have to since it is an unsolicited pink sheet with no MM signed on to support trading of it) they will only allow this to trade if they are able to buy at 1 and sell at 2. Otherwise, there is no motivation for the MMs to even transact trades in this stock anymore.
But even if you had your wish, buying back the float would be like this
7B x 0.0002 = $1.4M
Not going to happen, not even at 0.0001 and $700,000
They use their money to pay themselves those big salaries they said they don't collect or they pay their other liabilities or they spend it on TV commercials and tech support but to think they are going to take the money the got by selling shares at 0.0003 in order to buy them back lower is not credible.
Why should they? They can reverse split and start printing shares again and book another few hundred thousand in cash before you know what hit you.
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM