Which Way is Up?
I have three theories as to why NHMD stock price was up today after the inexcusable and injudicious failure on Nate's part to file a timely 10Q:
1) an inexplicable anomaly has occurred with no rhyme or reason why the market would ignore a such a confidence shaking misstep.
2) short-term prices are being artificially manipulated by market makers or through supportive purchases by affiliates of Nate's, or by both (e.g., a rigged market) to offset the damage that would have been caused through sales caused by the news, and that the market will adjust appropriately to the news when it snaps out of it. Eventhough, to keep into perspective, the amount of stock bought or traded amounted to a little more than $15,000. Not much and easy to manipulate.
3) OTC market participants, specifically NHMD holders, are even more lacking in cognitive capacity to make prudent, rational decisions than I first believed. I had hoped that when confronted with relevant information, investors would adjust accordingly to the facts. The only reason that they might not is that they are scared, stuck, or just too unintelligent to comprehend the magnitude of the situation.
In my final analysis, I have chosen #2 because it is difficult for me to believe that my friends, the investors, are that feeble-minded.
Go NHMD$$
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