SPO Networks Inc (SPOI)

[dollarsandsense]

i don't know. i am confused and don't know what to think, but i am toying with three possibilities of what we are seeing today....

1. many shares were bought on news between .0024-.003 or so...people cutting their losses.

2. company diluting big time to pay bills.

3. or a boatload were shorted and we are seeing the covering. maybe they are not being aggressive because they are waiting for the next outpouring of shares.

or a combination of any of the above.

i don't get the wall of 8 and a constant ask of .0011 by the same two or three MMs. HDSN has been at the top of the bid all day long. buys are greatly outnumbering the sells. we should be climbing, but DOMS (who i think represent the company) and AUTO will just not get off the ask, which suggest they are still letting go of shares, but then why not dump them at .001??? i don't know. what do you think?