Paradigm Oil and Gas Inc (PDGO)

[Toxic Avenger]

LOL, that's the MMs making money. They sell to you at $.0091, then they buy from the death spiral at $.009 and pocket an instant profit.

Remember, this is the OTC. Bypassing your bid is allowed.

You can pretty much count on the price manipulation. Without the death spiral guys, PDGO wouldn't exist. Who's going to fund a company that loses tons of money every quarter, hands out shares like candy, has no real assets to make the company successful and makes sure insiders completely control all votes?
Answer: Only someone who is guaranteed (or almost guaranteed) to make a profit on that lent money. Here's a description provided by the company of those folks. "The Company has entered into a series of Short Term Interest Bearing Convertible Notes. The note plus interest can be converted in whole or in part to common shares at the holder's option at the later of the maturity date or the default date. The Conversion price is calculated as 55% of the market price which is determined by averaging the lowest 3 day closing price over the last 10 trading day period ending one trading day prior to the day the conversion notice was sent by facsimile. "