I have been saying all along that people are being very naive if they think ameritrade is going to get burned on this deal.....
So, who then will be the buyers of this stock in the days/weeks/months ahead?
Not many legit investors will DD this company and plunk their money down as a HOLD. Gamblers, as I said long before this deal went thru may jump in when they see games being played, but who in their right mind will DD this company and buy? very few, imo...
I assume most already in, especially with restricted dont want any more, but they may be the only buyers....thinking they NEED free trading shares to flip to make up for whatever they have in restricted shares likely to be worthless...and imo, that is throwing good money after bad money...
No buyers means it will drop.....if not halted, they can very easily do a couple of RS's and let it keep going down...insiders will be cashing in, retail holders will be left holding the bag.....and why would anybody on this board act surpised about this scenario? This is pennyland...the casino...we see these things happen DAILY with MANY companies....so why do people think something that is the NORM in this arena, will not occur? The answer is 2 words. GREED - DENIAL.
Good luck to all and have a nice and safe memorial day weekend....
<<Ameritrade just covered my account !! they erased the sale ...
at last after 5 days and 15 emails ... so don't let them fool you they will cover
if they did for some they have to use the same policies for all//
>>