I wouldn't be surprised if naked shorting has factored in with these levels. I know there have been some changes to rules of late but without consistent days of high volume buying demand we're unable to expose MMs if they're truly playing this particular game.
Without a healthy bid situation I would suspect they hedge their bets that this isn't due any movement so whether the .0001s they sell are real or counterfeited naked variety is anybody's guess.
It's interesting to note when there's anticipation or actual buying that .0001s seem to quickly dry up and ASK moves to .0002 on relatively low buying demand.
I believe another factor for PPS to remain at these levels has been due to availability of hypster growth numbers for investor consumption.
For better or for worse depending on your trading goals--this has effectively eliminated speculative buying pertaining to user growth. Many companies in a similar position would only opt to show the above through monthly or even quarterly PRs. Whereas management here keeps this bone out full time.
Can you imagine the excitement if they took numbers down for 6 months and we got a PR in April stating hypster.com now has 1.9 million users, 3.5 million users etc.
IME the co. has seemed strangely indifferent and yet in control of PPS in the respect that keeping user count and page views 'before our eyes' has depressed buying demand. It makes me wonder if they purposely want to keep the PPS down.
As the famous film Rules of the Game says 'everyone has their reasons.'
Moreover lack of a real IR presence also contributes to conspiracy theories lol about the co. wanting to keep share price low for buyback.
One crazy thought is that if this goes absolute gangbusters through material events or strong buyout and PPS continues to be low the co. could be in position to retain control or make ridiculous amounts of money by being able to buy back a large amount of O/S for cheap.
If I recall the co. believes they are now worth .0006-.0012 but with a Best Buy/Napster type of deal that could literally come 'out of the blue' the above numbers would be bargain basement--let alone where we are now .0001-.0002.
IME if we see this break into a pattern of unexplicable hundreds of millions of buying volume for multiple days before EOY we're going to be seeing indication of either buyout or large cash infusion from investors to take this to the next level. Watch for unexplainable volume--
Wouldn't it make a great deal of sense for the co. to buyback as many shares as possible if they could get them for .0002-.0020 and know they're going to be worth .0050-.05 shortly based on their own insider knowledge of imminent lucrative deal?!?
Finally for Mr. JP Getty I think we could see exponential growth ie. doubling of current user count double every few months with infusion of outside investment 500K-1,000,000 + for main purpose of advertising hypster beyond organic growth model and ramping up daily growth rate 4-5K +. so that we can see up to 150,000 users added every month as opposed to 60,000 added at present.
Worst case minimum lol we see 750K-800K users before EOY 2008 so that hypster.com is poised for entrance into user count numbering in the millions for 2009.
