Normal daily volume has been in the 3-5 million range. Last Thu, we did about 40 million. Today, again, over 40 million. This stock should have moved up...but it didn't. Why? Because the dilution was providing plenty of shares to match the buys.
It wasn't flippers matching the buyers today, since this stock has been stuck around .0005 for weeks now. Flippers don't buy at .0005 to sell at .0005. Flippers had their day last Thu. when the stock did move up intra-day, but today, the dilution kept the stock price down in face of all of that buying.
All anyone has to do is look at the charts the past 6 weeks, then match the volume to the price to the day of the PR. It doesn't take a Rhodes Scholar to clearly see that this company is using these cheesy PR's to sell shares. With the float under a billion shares, this stock should easily be moving up on these PR's, but look:
June 30. Synergy Fluff PR. 44 million shares. Price drops .0004 to .0013
July 16. No PR. 43 million shares. Price drops .0004 to .0007
July 22. Unknown Staffing company Fluff PR. 18 million shares. Price drops .0001 to .0007
Aug. 5. BS PR about government markets. 39 million shares. Price moves up .0001 to .0006 (thanks to $50 buy in last seconds)
Aug. 9. Fluff PR for military discounts. 43 million shares. Price unchanged at .0005
In the last three trading days, over 90 million shares traded, and the stock price is unchanged? That strongly suggests of some dilution.
Also, they're running out of PR bullets. The markets are no longer bidding prices higher on PR's like they did this spring, mainly because the PR's are now full of worthless information; and the transparency between management and the shareholders has been totally absent if not insulting. Basically, this company has destroyed it's market trust.
