My first thought was that there probably isn't a private investor with half a billion shares to unload so it must be dilution. But Seamless instituted a stock buyback program, so what's the point in robbing Peter to pay Paul? PR? maybe. Then it occurred to me that if Seamless is unable to offer revenue projections, they maybe betting on hype to get the pps moving. Those who have followed Pinks for any length of time know what some hype and a little manipulation can do for getting a run started regardless of a companies competency. The reason I stick around waiting to get in on this one is because of the Dr. Gadget association. Whatever you think of Seamless' ability to survive as a company, Dr. Gadget is going to garner attention on his name alone.
So over the weekend there's news on a new venture with Gadget on a website aimed at inventors. Pretty good hype, means they're thinking of ways to keep this guys name in the news. A few more well versed PR's could well be enough to get the pps to jump a few ticks. We all know it doesn't take much money up front when your this far down in the weeds to make more in a half an hour than most people make in an entire year... a few ticks means a lot. So I looked back to the last time the pps got moving which was a run at the end of May which followed a couple of well placed PR's. There were 4 consecutive days of big volume with no movement. Then on the 5th day it ran. Now, it doesn't make sense that the first day of a follow up to a run would be a day with massive selling at .0001, unless... it wasn't selling but rather the MMs moving shares around. The only thing that makes me think this may be what happened today, is that LFCM and DOMS closed their bids out but kept their asks open after they loaded up. Loaded up for what? Why now? Why all of a sudden half a billion in volume? Getting ready for a potential run? maybe... Far fetched? Of course! But possible? Absolutely! However, we all know ultimately today didn't mean anything and SMWF will be at .0002 for a long time to come.
