Sheesh, I just went back and read some of the nonsense on this board, and this one that I'm replying to might be the silliest. Why was that manipulation? There was a .076 offer, someone bought 2,000 shares at that price, the MM who was offering .076 immediately pulled his offer and went up to some higher price, and moments after that, the trade was reported on the tape. That's how the market works.
Another guy here complained that the MMs didn't have any shares. Of course not. You think they maintain inventory of thousands of tiny OTC-BB and Pink Sheet stocks?
Someone else posted a variation of the "the MMs are loading up" line. Repeat after me: "MMs do not load up." there are a handful of market maker firms that allow their traders to buy and sell for their own account, and there are individual traders and hedge funds that register as market makers, but most MMs like NITE, UBSS, ABLE, etc. aim to end each day as close to flat as possible. They don't keep inventory. They don't "load up." If anything, they might be short, particularly if they can't cover or think a stock is heading back down. With a stock like this, whether it's at .06 or .15, a MM might have a short or long position at the end of the day that is just too small to worry about.
Another guy on this board was very proud that he was playing with NITE by putting in orders that NITE was dutifully reflecting on Level II, and then canceling them. when our hero didn't have an order in, NITE had an ask posted just to provide liquidity -- but with no inventory, any shares he sold would have been shorted. Then when a real seller showed up (our fearless board member), NITE pulled his ask even though the board guy's offer was higher than NITE's had been. There's no conspiracy here -- you guys really should learn how the unlisted market works if you're going to play down here.
