Back in 2013 when Fannie Mae & Freddie Mac (both penny stocks) made there crazy run from .20 to $5.00 in short order, it was credited with hedge funds getting involved in the action.
imo been here from the beginning , those big boys buy 100mill 200 mill who do you think you are buying your shares from, maybey selective ones(tickers). i believe $BLDV is That selective one.. LP :)
So with the advent of innumerable new hedge funds with the ever increasing M2 supply, we are to be told that no "real" hedge fund would ever invest in pennies. I know that for a fact to be untrue. Many times over.