Yea its people who got in after the "naked" shorting that occurred earlier this year.
Also I am not blaming anyone, it is the way of the market.
So they a had couple tens of millions of shares from the .0003-.0010 lvls.
Instead of dumping their shares all at once they have been selling in increasing amounts since this stock got past .01 with their plans mainly to sell near the .02.
When this initial large sell off occurred last Thursday it also triggered stop losses and flippers who were riding the MOMO jumped off board, the same thing happened this week but to a less dramatic extent and it occurred over the course of the whole week.
They used the company news as leverage to keep the price stable, otherwise if they would of dumped without those news then they would of crashed the PPS down to the floor.
They aren't involved with the company and are just the good news to their advantage to get the most profit out of it.
Also, it will not drop below .01, it will do a heavy bounce off the .012 before that happens. This group also already showed they do not wish to sell below .01 so they won't push them out all at once.
There actions and where they want to sell at a minimum can be seen in the way they have been selling since last Thursday.
Also I do not know this group, just going by the events that have been occurring on L2 and they have made it very obvious during certain times. Good thing is we have had people setting heavy bids , like today in the morning.
I totally ignore my KMAG stock since I know where it is going, I know my DD. Ill trade others.
