InvestorsHub Logo
Followers 19
Posts 7257
Boards Moderated 1
Alias Born 04/21/2006

Re: Mango post# 4960

Wednesday, 11/28/2007 11:43:11 PM

Wednesday, November 28, 2007 11:43:11 PM

Post# of 45865
I think there was a bit of confusion about what was going on earlier today. When I saw it, it was no bid x .0001 ask. In order for large chunks of volume to be the company "dumping" (i.e., dilution) there has to be a bid.

Think of it this way, if I have 100,000 baseball cards and want to sell them all, I can't do so if no one's willing to buy them. Yes, I could "dilute" by selling them all for a penny, but in order to do that, there has to be someone willing ot pay a penny for 100,000 baseball cards.

The real confusion was that I never saw the bid move to .0001, so I didn't thikn the company could be "dumping". Smoke said there was a bid for a brief while, and I just plain missed it. Thus the back and forth between him and I.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GEGP News