DTL, I really don't know what they do or don't know with regard to OS shares versus AS but I know that they do communicate A LOT! I am not accusing anyone of anything but it almost appears collusive at times, like now.
I think that if one of the MMs knew that PLNI was issuing stock and they quoted the stock outside of their "best efforts" agreement with the seller, or had that information from another MM, and you could prove it, you would have the basis for a very large class action suit that would yield a very large settlement, given the volumes in PLNI.
Anyway, I’ve been saying that this stock would go down for the past two weeks, given the action of the MMs and the lack of information from PLNI. That’s why I took the $1K loss and sold my last 184K shares at .0056. I said, at that time, that I would buy back in under .005. I’m still watching and it looks like close to .0043 to .0045 or so might not be too bad.
NITE is sitting at .0045 but they or UBSS could move into .0048 today since they will probably get their 20 million shares. That would lock today at .0048-.0049.
I don’t see any major move upward based on the level II quotes right now and MACD & Slow Stochastic both say to wait. They are still going down and nothing looks like it’s going to cross today.
This is just my opinion and not meant to influence anyone’s stock decisions except my own.
Good luck to all and I hope that we see some good news soon to shoot this thing back over a penny.
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