was just thinking about this whole JEFF thing and something came to mind:
If, you were running a stock scam, and you were gonna hype the stock by issueing a string of positive prs(like what we have seen in cmkx) u would begin dumping your shares(most likely purchased through offshore accounts and complicit broker/dealers)into the remaining strength from the hype and then begin to close out your position at the highest price available.
1) JEFF has not done this; he's been holding strong on the ask for weeks now, I remember the day of the first run after the Glenn announcement - it jumped quickly to .0006 x .0007 where JEFF just sat on the ask, the same when the diamondiferous news hit- it jumped quickly over .001 and JEFF just sat on the ask again. Now if you're a pump and dumper you will always let the price run because you have the inside to when the news will come out. Now if Urban was hypeing with those 2 big PRs why would he sit JEFF on the ask of .0007 on the first day when he knew the next big pr of the diamond content would run the stock well over .001. Simple, you wouldn't - you'd let the price run up to .001 the first day and as soon as the buying picked up from the second PR you would sell into that strength. Scammers are greedy by nature - why would they settle for less than .001 when they knew it would run much higher.
2)If I was pumping this and I then had to dump a huge block of shares how would I do it? Would I have my broker/MM sit as the only ask for weeks at a time selling 10's of billions my shares?
NO... I would do it quietly, very quiety, especially with the magnitude of whats going on here. Why would I want to make it extremely obvious that I have billions of shares to sell...why?
Why not quietly have a MM sit on top of the inside offer and sell at the ask that way while using the same MM or possibly two or three others to very systematically sell into the bid so noone watching L2 can see who is selling.
3) JEFF is making it very obvious that he's selling alot of stock and it all seems to be coming from one place. Why make yourself a targe, why seem complicit in a scam, why let this type of 'bad publicity' surround yourself.
Honestly, If i was to run a pump/dump of epic proportions, which would be the understatement of the century if this is infact illegit, why would I make my actions so obvious? Why would I make it look like I'm dumping and why wouldn't I try to sell my stock for the highest pps I could get?
