Company selling shares do everything they can to keep the pps up while dumping.
That would be the normal modus operandi if the principals were only
trying to pump and dump (wash, rinse, repeat). In the case where cash
has to be raised quickly, say for legal bills, payroll, emergencies,
any price will do as long as they can keep the OS below the AS.
Remember what happened last time the after hour trades/Form T ended.
From my research, on the four days immediately following (6/17-20/07)
there were mystery 'W' trades (large blocks traded at average prices)
which to me indicate someone knowledgeable dumping into the run.
Those four days of 'W' trades totaled 3,054,700 shares during the run
from ~ 0.02 to ~0.12 representing about $ 150,000 in trades. The total shares
traded those four days was 14,853,706 shares and the daily average
was 3,713,427 shares. So about 21% of the shares were 'W' trades.
Once they stopped, there were two days where the price retracted
back to 0.075 and then went flat at about ~0.12 - 0.14 for about
18 sessions before the rocket to the high of 0.195.
Anyone think that was coincidental?
Regards.
Out the LAN card, down the cable, through the router,
out the gateway, to the ISP...nothin' but net!