Nonsense, MMs don't want shares. Someone soon will 'hand over' 50-100 million shares to an MM and they will tell the MM to get the best price possible. That may happen today. When it happens, you'll see this pps back into the OO8s, low OO8s probably.
Like I've been saying for days...there were 2.2 billion shares distributed during the 'dark IPO'. You can see that on the chart, early April. This is after the Microsoft (PhoneFactor) settlement. Why did the converters sell way down there? Regardless, they did, OS went from 22 million to 2.2 billion. You can see that the volume on 04/14/2016 was 953.7 million shares, the high was OO22 and the low was OOO7. Look at the volume from May until now...maybe a billion shares traded? Near half @ OO1? That leaves 1.2 billion shares 'still held' by peeps (converters, 'offshore-related', buying cheap in the marketplace)...they need to sell 'up here'...take the pps down (trying to keep it as high as possible, all the while) so that the 2nd wave of converters (and other debt) can join the party...being the eager recipients of the remaining 2.7 billion in AS (5B). I predict the pps to go down to OO4 so that the 2nd wave can get shares @ OO24ish...JMO...
1.2 billion more shares to be sold 'up here'. That's 10 days @ near 180 million volume (per day). Good luck, thanks...
Meanwhile, I work on documentation of the 'dark IPO'.
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