Nonsense. Shares for sale under .008 keep appearing. In December 4.6 million shares have traded well below .01 ... and never, at anytime, did more than 150,000 show on the ask under .01 on Level II. Clearly, big penny traders do not put up all they want to sell at one time as that would panic the market. Can you imagine what would happen to the PPS if a 4-5,000,000 block appeared all at once?
What we have, most likely, is an insider, perhaps RW, selling small lots of shares out of a big holding. There is additional evidence of that, also. Twice in the last few weeks, trades have occurred at the 5th decimal, i.e. .00667 as opposed to the normal .0067, as an example. Retail investors can't trade at the 5th decimal. It had to be someone who is marketing their shares directly with a MM. Usually, that is someone who is converting their millions of certed shares and places them directly with an MM. The devil, as they say, is in the details. It pays to notice such things.
BTW, there have been about $25,000.00+ in trades so far in December. If it is RW, or MW or one of his nominees doing the trading, that is not bad income for two weeks!!
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