InvestorsHub Logo
Followers 6
Posts 1653
Boards Moderated 0
Alias Born 08/03/2010

Re: None

Friday, 03/15/2013 1:57:43 PM

Friday, March 15, 2013 1:57:43 PM

Post# of 58002
Captain, a quick comment. It's very common to have a stock that has (in this case had several) a death spiral financing, for the death spiral note holders to convert shares (at effectively no cost) then hold back and create an aura of demand, making the price appear to be rising or potentially rising, then when there is enough shares being bid for at whatever price, since it's all profit, they dump the shares to the bids and the stock collapses again.

I believe that if you due dilly them, you may find that Southridge has been tagged more than once by FINRA as well as the SEC / NASD for this type of manipulation.

I've seen this here on ASFX at least half a dozen times.. Always there are what the SEC defines as "pumpers" who talk about coming news, potential big deals etc...

They get paid based on how many shares are dumped. Not by the post.

When the price is this low I would doubt that they would move for less than 10,000,00 shares. The fixed costs are simply not worth the trouble.