Interesting. I'm not sure who would short a stock at .0001 I suppose it might make sense at .0002 given that the shorter would likey have a couple years to cover that at .0001
More likely it's not a short but newly printed shares. If so he's managed to raise what $60K? Long way to the $1M I'm sure he was hoping for.
Now will he see the writing on the wall and throw in the towel or take another stab at it?
For those who find themselves holding the bag hopefully he'll give it another shot so they'll have a chance to recover some of what they committed. If he's going to continue the pump he'll do some buying to get things going again. He uses two or three accounts and trades back and forth with himself. This will create volume and he'll try to step up the price with each few trades.
Hopefully he'll give back some of the $60K but don't hit him with too much at once. Good luck. fAt
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