Over the week of June 14, 15, 16, 17 (forget about Monday, 13) GRNO hovered just above 4, trading .041-.05 with most between .04 and .05. Point is, if you could buy, the bid would be above .o4 because it only actually traded at .04 once during that period. My broker won't allow trades at prices less than whole cent bids. Who is able to buy at bids or sell at ask prices of less than a hundredth of a dollar? Anyone? What broker?
I'm just considering the technique, keeping the bid/ask at prices less than a penny as a manipulation method. Using a strategy like this could very well maintain control over price and volume, down so low, buying a block or greater could keep the stock down and heading toward .03 where that big block purchase would just have lost 25% of the investment. Give it up and it goes up. You cry a bit, angry at yourself for selling and buy back in at .04 again, only to find yourself sinking back to .03. Put the gun down.
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