just an idea, but...
what if JEFF is not the MM that is short. what if some or all the MMs lined up @ the current bid of .0004 are short and are the ones needing to cover...
I've only been following this stock for about 2 months now, but does anyone know what Jeff was doing months ago, did he seem to be a net buyer or net seller?
If he was a net buyer than maybe he was acting as a conduit for Urban or the CMKX treasury to accumulate a good piece of the naked shorts and now, through the directives of the company, is allowing the other MMs to cover in an orderly fashion, so as to avoid a chaotic market and timely future litigation.
If JEFF was short then by sitting alone at the ask he would be increasing his short position and putting himself even more at risk when there is a squeeze. Right now he is a net seller and has to be selling shares from somewhere. Maybe, all these shares were purchased @ .0001 and are being sold to cover shorts and make the company/urban a %400 return in the process.
The reason why I feel this is not urban 'dumping' or 'diluting' is the fact that over the last couple of weeks JEFF has probably sold over 100 billion shares, probably a good deal more. If you are going to dilute, and raise capital, you would allow the market to push the price up and you would slowly sell into the buying pressure...in short, why receive only .0005 when you know you could get .001 per share, and raise twice as much capital. Simple, there must be a reason for keeping the stock low? Yesterday, alone he probably sold close to 10 billion shares or $5,000,000 worth of stock... if this company is going to become reporting and be forced to issue the O/S in the near future to calculate the dividend why would Urban undermine everything that has been going on here by diluting this thing into oblivion, he knows the shareholders will learn the O/S sooner or later...do you really think he is the con men among con men and is here to royally screw us all? IF he were, why would he draw so much attention to himself with a racecar, personal meetings with shareholders, cmkx hats & t-shirts, a CEO webcast with the green baron etc etc. Scammers usually work in the dark, with little to no public exposure...
who knows, just an idea
