![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, January 26, 2012 11:48:48 AM
IMO, I highly suspect that the entities the company has done deals with (given them shares in the past) have several brokers hitting this hard every time they see some nice bid support. I also think the deals they are doing now can easily be shorted into - they know they have registered shares coming in x timeframe or so, so they short the hell out of it and then keep it down until time to get the shares as free floating shares, at which time they pull out those newly issued shares and cover their short position. From past filings also, it is obvious that the company itseslf has dumped shares on the market to get money for either paying off some debt or working a deal. Well, when they see this share price start to ramp up, that is when they have buyers for a large number of shares and that is when you see a whole boatload of shares show up on the ask, causing downward pressure on the share price.
To amplify this whole mess, IMO some major big traders (also, likely a few hedge funds) see how easy the pickins are with how the company never provides details about how the deals are being financed, and this gives them the green light to go ahead and trade right along with these biggies, (shorting, then covering, over and over) amplifying the problem 10 fold.
All IMO.
The company could remedy much of this if they would be more forthcoming with the details of the deals they are making, but they do not want to tell us shareholders because they want us to keep buying while they keep dumping.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM