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Friday, October 31, 2008 1:58:15 PM
I think you're right. I just confirmed with my broker, that my limit orders are in place at the price point of .0004, and they are not set to "all or none" (which, I was supposing, might be an erroneous parameter which might contribute to of this odd tape we're seeing, but that's not the cause of it.)
It appears that DNAPrint Genomics is, in fact, raising much-needed funds by selling some shares, as I had hoped. (I'd hate to see them go without the funds, when I'm willing to buy, especially at these prices -- just look at that market cap! ridiculously low! -- and I want to see DNAPrint Genomics succeed.) I called the registrar this morning, and the outstanding share count is currently: 1,238,790,465.2
(Up from 1,213,790,465.2 on October 8.)
Correlating with the volume we're seeing, I think it's safe to say, the company is either issuing and then selling these shares directly on the market, or is issuing them, transferring them to another party (in lieu of a paycheck, perhaps, or in exchange for needed cash,) and that party (or parties) is selling some of them on the market. Either way, it's looking good for DNAG. Good luck to all!
> and the .0003 are very small volume and still brings it
> down..
> MMs are playing i think
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