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mjk_investor

05/03/16 5:11 PM

#37372 RE: codfather #37371

By definition the MM exists to create a market for the underlying security. When there are buyers and no sellers the MM, which maintains an inventory of the underlying security, becomes the seller. When there are sellers and no buyers the MM becomes the buyer.

Let's face it this company doesn't have any good will or investors interested in them; therefore, the buyer can only be the MM. I've thought about taking the time to compile all the PR's over the last 2 years, and show how not one has become a reality. They once said they had funding from an investment firm in NYC, now they're selling 1.6 billion shares of stock. They increased the AS to 3billion under cover, until someone did the research to pull the information from a website in Wyoming (where they are incorporated). They filed to sell the 1.6billion shares on a day the markets were closed in the US (again, shady behavior). On march 2nd they said they had "positive news for us next week on financing". Well next week was 5 weeks ago. New CEO has never addressed the shareholders, and clearly has no friends with money lining up to invest in his new company. I could go on, but to what purpose?

JMO