There were no shares BOUGHT at .0002 except by MM's. They are buyers at that level not sellers. And when looking at the line up I see no way the 2's could be chewed thru and shift to the ask side. Especially when the trend is the other way.
There is no doubt the MM's are holding this back. There are so many obvious signs. One of the biggest being the shares that show up after hours.
It does not matter how many shares traded at .0002. The fact is in the CD terms it is the lowest traded price - 20% of that price. That is the conversion price. Also, the shares are not being dumped into the market when they are converted. They are suppose to be restricted. What is happening is the CD holder is NSS the stock to get rid of all momentum upward and in fact takes it down based on more selling than buying. All CD conversion shares are going to be held but the CD holder covers his shorts with the conversion and ends up with 20% for!!!
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