Are these people stupid? Seems to me, if I was a large holder or a company looking to dilute to shit, why dump IMMEDIATELY on the open with so much pre market hype? They could have sat on the sidelines and watched this run to 25+ before they dumped...hell, traders would have pushed it to 30 without the dumpers present. THEN dump all they want and get double, triple, quadruple the price!?! Why screw everyone like that? Even if you have to put in your dump orders as a large block before open, you could have steered clear today and put in the orders tomorrow - then it would have been win win for everyone.
This stuff is just stupid. Sure, the diluters usually don't care on price, but THEY SHOULD...they could have dumped in the 30's (or even higher if they didn't dilute so much yesterday as well), instead, they have to dump a pile below a dime and what they were able to sell in the low 20's yesterday....isn't it all about maximizing profit (even for the criminals)??
Maybe I'm missing something, but logic to me says otherwise.
