MDDD kicked off its brand spanking new Pump&Dump campaign today by moving pretty much sideways all day on 5.4 million shares. Trading ended biased to the negative side with 53% overpays* and a collective street loss just over 19 grand. What should be a concern to all is that this still brand new ticker went pretty much nowhere on decent volume. You have to remember that just 30 days ago, every single share of stock was owned by insiders Ruffell, Lummis and Khan, all whom own restricted shares; former President, Nir Eliyahu, who owns 9,000,000 presumably unrestricted shares, the original 30 shareholders, who own 20,000,000 shares that they bought for $.0015625 per share and the 1,000,000 free trading shares owned by a mysterious investor. In other words, not a single share was owned by the street on November 1st. So how is it that the stock doesn't move on 5 million shares of buying? There can only be three answers: (a) the sellers made a concerted effort not to allow the stock to run off; (b) the volume was mostly a series of wash trades, conducted to feign interest in the stock; or, (c) a combination of (a) and (b). Which one of these three scenarios make you most comfortable? We figure that the street put about $2 million in the pockets of the perpetrators of the Pump & Dump today. Everybody, but everybody, is watching for the probable trading halt, a reasonable expectation considering the SEC's newfound revelation of its purpose.
