I think Mr. Santini was refering to desperate HGLC shareholders dumping into the market.
Watching level II's it appears that NITE has a boatload of shares to dump. They went through close to 300,000 this morning at .15 all at the ask only to drop the ask to .13.
Who in their right mind desperate or not wouldn't raise the ask after selling that many shares without 1 bid wack?
Also SSGI is on the bid at .10 If indeed Fortress has been diluting through SSGI then it is possible that they could be buying HGLC.
Heck, with all this corruption going on around us you'd think we were in prison or something!
"Remember that the stock market is manic-depressive." - Warren Buffet
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.