I'm sure all of the trades today @ .0004 were buys as well as all of the shares at .0003. My point was the MMs have been trying to make it appear as though there is interest in the LFBG when the sad truth is there have been far more sellers than buyers.
When I say sellers, I'm referring to Troy's vendors, consultants etc who are selling their heavily discounted shares on the open market for .0003 a share. The MM's then turn around and sell them to the retail market(us)for either a wash(break even) or they try to sell them for a little profit. Hence the spread.
Approx. 24 million shares were purchased @ .0004 the last two days. This represents a profit to the MM's for $2,400. 24 million shares bought @ .0004 with a .0001 spread on the bid/ask(.0001 x 24m shares = $2,400) versus 128 million shares sold by vendors,consultants, etc who I'm sure bought those shares for way less than .0003 a share. When the buyers dry up at .0004 the MM's will have no choice but to lower the bid/ask to .0002 x .0003. The scary part in all of this is Troy's vendors and consultants obtained their shares for such a low price( as low as .000005 a share) who is to say where the bottom is.
Now, getting back to your point of the longs starving for news, you are right they most definitely need news.
I am 100% positive there will be some(fluff) news to report the moment LFBG breaks a new low or is very close to it. Which could be any day now. Troy hasn't failed me yet. The trick to playing these babies however is not to hold them for too long.
As always, treat'm like a Pink!
GLTA!
