Replies to post #110599 on Paychest Inc (PYCT)

[adanac]

BUT ARE THE MMs MAKING MONEY ON PYCT???

Let me explain

On June 11, the following 6 trades took place
$0.00 8,000,000 OTO 13:50:58
$0.00 90,000,000 OTO 13:50:41
$0.00 48,000,000 OTO 13:36:27
$0.00 90,000,000 OTO 13:36:17
$0.0001 100 OTO 10:14:41
$0.0001 500,000 OTO 10:14:32

Allowing for the Assumption that they "sell back into the market ASAP", they would have had NO SHARES TO SELL on JUNE 10th

(SEE BELOW)

Since June 11th, there have been 39 trades go off at .0001, a total of 37,205,411 shares.
A PROFIT OF $3,720.54 MINUS WHAT THEY BOUGHT SHARES FOR, MINUS COMMISSION
(ASSUMING THEY ARE THE ONLY SELLER)

LEAVING THE MMs, AFTER 3.5 MONTHS WITH 208,794,589 SHARES LEFT.

BUT WAIT...THEY MADE ANOTHER 16 TRADES SINCE JUNE 11th, "ADDING ANOTHER 6,826,700 SHARES"

WHY IS THAT????

ESPECIALLY DUE TO THE SUPPOSED FACT POSTED BY SOME

"THAT THE COMPANY IS 'DUMPING THEIR SHARES AT .0001'

How can the purchaser of Under .0001s be making any money, and still be willing to BUY, supposedly COMPANY SHARES BEING DUMPED AT UNDER .0001"


JUNE TRADING SUMMARY AFTER JUNE 11th
007 TRADES AT UNDER .0001====2,386,600=====UNDER $238.10
009 TRADES AT .0001==========4,344,400===========$434.44

JULY TRADING SUMMARY (T13)=====11,968,611
002 TRADES AT UNDER .0001=====140,000=====UNDER $14.00
011 TRADES AT .0001=========11,828,511===========$1,183.00

AUGUST TRADING SUMMARY (T14)=====20,849,000
002 TRADES AT UNDER .0001===2,580,000======UNDER $258.00
012 TRADES AT .0001========18,269,000==========$1,827.95

SEPTEMBER MTD TRADING SUMMARY
005 TRADES AT UNDER .0001====1,720,100======UNDER $172.00
007 TRADES AT .0001==========2,763,500============$276.34