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Monday, March 10, 2008 4:02:42 PM
I think the share price was manipulated by someone (MM? Broker? Hedge Fund?)who could physically drop the share price on Level 2 from .09 to .05 to .01, all within about 10 or 15 mins!
This is what created the panic! It wasn't a rush of investors to get out all at once. Think about it... you are telling the board here that from a close of .09, that night all those people decided to SELL, place their Sell Orders after hours or before the Open that morning, the MM's saw all the Sell Orders & decided to set the Open at .05 or .055, whatever it was that AM?
I don't buy that scenario for a min., as I think the Share Price was artificially created to induce a panic Sell-Off!
Follow the money trail, & it will lead to the real culprits! I'm sure that the OSC has the resources to do this... IF they will, is another question!
John Good
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