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Post# of 39209
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jmurfk

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jmurfk

Re: ZipCash post# 34882

Wednesday, 05/15/2013 8:53:35 AM

Wednesday, May 15, 2013 8:53:35 AM

Post# of 39209

lots of people sold on the news



Not lots of people. It was lots of convertible debt holders dumping. See, they loan IMDS money, and they convert those debts at 50% of the low bid. So, for the last 13 trading days, they are able to convert debt to shares priced at .00005. This means they can dump on the .0001 bid for 100% gain on their loans to IMDS. They also sell on the ask, which gives them a cool 300% gain.

I guess you haven't read IMDS's filings. They have a shit ton of debt, and the creditors are converting to shares left and right.

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