Buyers Group International Corp (BYRG)

[Marco72]

Funny, remember the 100 times down we talked about ?
a new record, 188 times down.
in the last 55 hours there is 10 times down.

That's why I don't believe the idea of (company is selling, they have 28 billions). Unless they are stupid, no one dilute this way with a large amount of shares. Smart people/companies use the 30/60 theory ... buy 1.000.000 market, then put sell order for 2.000.000 on the ask. But selling 4.000.000 on the bid cause the price to drop 100 times with just 15 millions volume in the past 3 days ... I mean .. another 10 millions Thu. and 20m by Fri. we will reach bid Zero ask 0.0001, how they will sell the rest ?
RS won't help here .. if they do RS with the same scenario they will only sell another 40-50 millions, they need 20 RS to finish selling.

So,

I believe someone got free shares from BYRG, and he is selling because his -real- cost (debt) per share something around 0.0001.

As soon as this seller finish, BYRG will announce something to bounce the price up a little.

PS. the idea that BYRG could be stupid is worth thinking about too.