Owclar...there is no proof.
There is one of 3 things going on however, this is obvious. For many days now, about 95-98% of the volume has been on the ask side and the price has stayed the same. Logic and basic economics dictate that something is wrong here.
In order for the price to remain constant, supply should equal demand.....hence, supply is coming from somewhere.
There are 3 scenarios that could explain what is occurring here, and in my mind, these are the only 3 possibilities. To date, NO ONE has convinced me which one is occurring. We are merely surmising. Here are the possibilities that lend credibility to the "artificial" supply....
1. The MM's continue to naked short
2. A seller such as Urban or another retail/institutional investor continues to dump shares (either Urban directly or an institutional investor that may have invested $$$ in a PIPE or other convertible which has led to massive dilution) OR
3. CMKX themselves are dumping shares into the float
If you believe the company's past PR that said they are retiring shares, you should throw out number 3. If the company was retiring shares (say 1 billion) but dilutes by 200 billion, even though the release may be technically accurate, it is certainly misleading and legally, is shaky at best.
That leaves #1 or #2 as your possibility.
I don't like that the company has not been forthright with the O/S. However, I remain confident strictly because Roger Glenn is acting counsel. Being a big firm attorney in my recent past life, I do not think a firm of this stature would perpetrate a fraud. If Roger Glenn didn't know what was happening when he took a retainer, he certainly would know right now after being involved. The fact that he remains as counsel gives me more and more confidence every day that this one is for real.
YOUR CALL AS TO WHAT IS HAPPENING. ANY CONCLUSION IS MERELY A GUESS RIGHT NOW!