No. Don't think so. No buyers of any volume. I think whoever has been unloading a million here, a million there on a daily basis (probably Bodie) for the past few weeks is doing a little support buying of their own to keep the PPS up until they are finished unloading whatever they're holding.
No one is stupid enough to buy MRIB at a 20-30% premium trying to make three bucks. Just a sucker ploy that can be easily maintained in such thin trading. Spend $10 to back up a future setup sale for $1000 at a much lower price without totally tanking it. There are still some gamblers out there willing to take a chance at $.0004 and when they see $.0006 in the same session they think there's money to be made and get suckered in. Someone is just taking advantage giving the appearance of a spread. All an illusion. Problem is that 99% of the volume is at the daily low.
One needs to ask the question, would you buy $26 worth of MRIB at a 30% premium when the apparent market price of sold volume is $.0004? Who does that? Someone who wants to make sure the PPS stays above $.0004 and has nothing to lose. Could be MRIB themselves propping the price for al we know. Can't let it fall below $.0004, that's for sure. Go ahead and test it. Put a couple small market orders in for chump change. PPS will be at $.0007-$.0008 before you know it. You'll never get rid of them though without a loss.
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