I'm trying to wrap my head around what happened today, and I may have just had an epiphany. It occurred to me, maybe the better question isn't the selling motive, but the buying.
Think about it for a moment. If you had millions of shares to unload and did it through these MMs and ran promotions, why would you set them to kill mode? That doesn't make sense. With today's volume the MM bots could've easily stair stepped up the bid all day and ran up the price. And if you're selling, why would you dump 100 million shares at .004 if you could dump them at .01? That doesn't make sense.
So, my thinking is this. Maybe they weren't set up to sell off shares. Maybe they were set up to drive the price down so someone could buy shares. That at least makes some logical sense to me. Because selling for as little as possible doesn't.
IF that is the case, then while today may have really sucked maybe, just maybe, it points to good things long term.
I'll take off my tinfoil hat now. If anyone has any alternate theories that can make some sense out of today, I'd love to hear them.
For the record, I still think the company's long-term plans are great. But I REALLY hope the shenanigans with its stock ends soon.
