Monday, March 04, 2013 2:20:13 PM
Here are some more good questions.
Where is all the ask side volume coming from? The stock was at .12-.15 when the shill went out calling on 504 money. It has dropped considerably since then but not so low as to have allowed for millions of shares to be purchased low enough to substantiate seeing millions of shares on the ask under .03. Hmmm?
Here's another question. In the multiple attempts at calling in IR folks to pump this pos the otherwise stagnant volume of WAFR has managed to spike for brief periods yet in the midst if spiking volume a very predictable trading channel has been evidenced. Always above .015 and always at or below .03. None of the volume seems to be from retail as there are no new faces proudly pumping WAFR on any public forum. So who or what is behind these PR attempts that seem to bring with them their own volume and keep the trading within that channel? Only an insider could do this and have the company available to help facilitate that entity at every step of the way.
What I believe we are seeing is a company insider creating a short while having full knowledge of the time frame that WAFR mgmt is working under to bring news and contracts to the company. That person thought that they could hedge against their investment by taking out a short position while waiting out a slow period. The problem is that the new company WAFR is an unknown entity and with such a tightly held float there is no volume here with which to accomplish this very easily. So now we see a concerted effort by this person to further delay any good news until they are able to cover that pesky short position which is now being hampered by longs that are tired of eating this persons crap every day.
So now what? Battle of wills? Wait for the SEC to do their job, Finra?
Or, do you think that the same entity that not too long ago threatened investors with a reverse split will decide that he will now go to the CEO and push for that RS so they can take "their" company back?
Isn't that what all the preferred shares are really for in the pinks? So that scumbags like EK can use you like an ATM when it suits their needs then RS and steal the shares back and leave you high and dry? This is America right? Home of the Banksters?
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM