Ignis Petroleum Group (IGPG)

[cottonmather]

Do you know who these institutional holders are? I think I saw them posted once but did not note them. They have connections and positions to produce negative volume and in the manner it is currently being distributed.

Make no mistake. Shares are being distributed. I am 95% certain they are new shares. My reserve of 5% is systematic selling of a large position. Short selling does not appear to be in the mix.... or so little it is not relevant to average daily volume.

Systematic selling was discussed as a possibility early in my finding questionable negative daily volume. Whatever the source, they are interfering with longs and circumventing normal market activity - throwing a big wrench in the party.