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Re: MartvanderVelde post# 4976

Saturday, 06/25/2011 8:11:01 PM

Saturday, June 25, 2011 8:11:01 PM

Post# of 11811
I would have to say that there is support and the bid is $0.0001 because the stock is trading. What I can't figure is why anyone would want to sell so many millions of shares at $0.0001 Seems like a bad idea to me. So, what happens when collectively we buy this guy out at $0.0001? He has to place a bid lower if he wants to profit from the trade, right? So, who in there right mind is going to sell those shares back at less than $0.0001? The only thing I can figure is this guy needs a huge tax loss because he must have bought those shares at a much higher price. So, what happens when there are no more Asks at $0.0001 or below? Right, the market has to move higher, right? You can try placing a bid lower but, who's going to sell that low? I'd rather paper my office wall with the shares. At this price, it's cheaper than wall paper, you know?