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SandridgeEnergy

12/30/16 1:58 AM

#59356 RE: PMrz #59354

This is true about any stock, even scams.

Every retail investor with $100,000 to risk had the opportunity to do extremely well.



If you are either extremely savvy or just lucky and buy at the very bottom and sell at the top you can make money even trading bankrupt companies with no operations.

The problem is, the system is rigged against retail.

Retail has to buy shares at market and sell at market.

Insiders got to buy shares at $0.338 when the market price was around $3.00, it's not even close to the same deal and I think you know that. I think you know that very well.

When retail is competing with millions of shares from people who can buy them at $0.338 at any moment, situations like the ones we have seen play out time and time again occur.

For instance in May of 2016 when holders of the p-notes waited until literally hours of the filing of the 10-Q to convert their shares. The only reason to do this would be to avoid having to list the conversion in the 10-Q and tip the market off that these had converted. That way they could get out in front of any anticipatory sell-off. This is precisely what happened as there was then a high volume sell-off just after these shares converted. Retail shareholders didn't find out until a week later what happened.

We can go back and forth whether or not this kind of activity is illegal or unethical, but it does happen and it does hurt the share price.

So far nobody has been able to give a reason why these people should have been able to buy shares at $0.338 a share when the market price at the issuance of these notes was around $3.00. At that moment in the first days of 2014, the fate of retail shareholders was sealed.

The fact that some of the people who started this company were convicted of conspiring to commit securities fraud using a complicated scheme to defraud investors should be somewhat concerning.

One of the biggest criticisms against my arguments is that they amount to a conspiracy theory. An actual FBI indictment against some of the players involved should lend some credibility to the notion that the people running this may not be all honest and forthright people.

It's really too late to come clean, the damage is already done, though by no means complete.