Sunday, September 06, 2009 6:13:15 PM
Thus you saw 160,000,000 shares trade at .0009 or $144,000.00 of equity go into IHGP.
Normally this can signify several scenarios, at which I will elaborate on one of them. A means of restricting shares from being sold in the open market by a PR firm until the stock gets to a certain level. Let's say we have a contract for $140,000 worth of PR work, I give you the shares, downpayment, or % of the total contract dollars for your services. You can sell the shares, but the incentive is there not to start selling until the price is at .0009 or higher.
When this happens either the stock can start trading on the ask at this price, but the bid may only be .0003 0r .0005 with a large spread between the two. Over time the spread will close given the level of buying vs selling.
We will see this week, what is what.
http://investopedia.com/terms/f/formt.asp
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