JUST THE FACTS PLEASE:
A lot of banter going on around here about this being a pump and dump, etc. and I just wanted to eliminate any opinion and subjection and look strictly at the facts.
1. Feb to Aug this stock decreased in value from .139 to .04
2. Aug 11 (pps. .04) to Sept 14 (pps .22) this stock traded 48M shares on NO NEWS.
3. On Sept 15 the MD acquisition was announced, 3.8M shares sold and the stock closed at .21 (down 5%)
4. The next day Sept 16 8000inc PR'd a dividend
5. The pps then doubled from .22 to .44 (Sept 20) on 6.3M shares
6. The cash windfall was announced on Sept 28, 8 days after HOY of .44 was reached on Sept. 20.
7. Between the cash windfall PR and the day before divi was cancelled 7.8M shares traded and the pps dropped from .39 to .13
8. The day the divi was cancelled (10/14) and the following day (10/15) 21.3M shares traded and the pps fell from .13 to .05/.07.
9. From 10/18 until now 19.7M shares have traded.
So just to recap....
48M shares to go from .04 to .22 on no news (or rumors)
6.3M shares to go from .22 to .44 on news
= 54M shares (.04 to .44)
7.8M shares to go from .39 to .13
21.3M shares to go from .13 to .07
= 29M shares (.39 to .07)
From .07 to .02
=19.7M shares
54M shares going up.... 29M going down with 21M of those sold by retail investors after the divi was cancelled..... hmmmmm
For your consideration:
1. Company owned roughly 66M shares as part of their financing
2. Somebody or entity bough 48M shares prior to news or rumors of news.
3. Company could have been part of large acquisition of shares (30M+) to the point where they owned approx. 100M shares
4. Cash Windfall was announced after HOY of .44 was achieved
5. 100M shares X .40/share = $40,000,000
IDK details of their financing but seems plausable if it was based on share price at a certain point in time. And if the company owned the 100M shares then $40M could have indeed been the value of their credit line, or what was incorrectly termed "relative earnings".
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