InvestorsHub Logo
Followers 0
Posts 16288
Boards Moderated 0
Alias Born 12/27/2010

Re: Screech691 post# 15880

Wednesday, 06/29/2011 4:52:33 PM

Wednesday, June 29, 2011 4:52:33 PM

Post# of 114738
Sorta explains those big blocks sitting on the bid all week... Just don't understand how you can illegally sell a stock, which was around .03 and your punishment is to buy them back at around .01

My understanding is that the shares were to be returned to the treasury and the services paid in cash. So let's say they sold 10M shares at avg .025 and bought back @ .013. They just cleared 120K... and getting paid cash for services..

Some people claiming 30M illegally traded - that is a 300K profit for their crime... Who says CRIME DON'T PAY!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.