Also the GERS board has been a lot more quiet. When I bought into BTZO I noticed a small rise in volume. The day after I bought the posting here started to increase fast and so did the volume. Chatter about GERS, Genarex, Lexiluu. Volume increased more IMO as a response to increased volume and the chatter.
People think where there is smoke there could be fire. Most don't care where the smoke came from. They probably didn't even hear of GERS, Genarex and Lexiluu. They just see this as a possibility for a quick flip. And that's where the problem kicks in...only so many people are smart enough to make the quick flip at the right time.
What we've seen yesterday was a very active morning bringing BTZO even toward 0.003. in the afternoon the interest in buying even at 0.0002's even went down.
Today the chance is very high that even selling @ 0.0002 will be only possible for some. Maybe a very short run like yesterday, but I doubt it. After that people might start running for the door, accepting that 0001 will be the best if you don't want to end up holding the bag.
As soon as that happens, the bid of 0.0001 will disappear also because it might be the same people who still want another quick flip. Some of it even might not be a real bid, but just placed to support the 0.0002 ask. And also the postings will disappear as the bid and volume disappears.
If it really was all about the settlement, and people did really read into it. Why wouldn't it be increasing the GERS volume also. That's because those who trade GERS know it can take a few months longer. They can wait. That's why no one sells at GERS and that's why ask and bid are so far from each other mostly. If you would try to buy a few K worth of GERS shares, you would probably move it up higher then most want. Normally when volume decreases, the ask comes down also, like we've seen here at Bitzio yesterday. But at GERS it doesn't, even though it has been differently for years.
I hope the settlement will be announced at November 28th, and I hope both shares will profit. But for now it's way to early to know for sure. Also The chatter about Genarex and Lexiluu is way to vague. Why such a excitement about a domain that gets redirected? It happens all the time on the web if people decide not to host a certain server anymore.
It's the amount of chatter combined with the volume that made BTZO run, not the facts. We've seen this also happen a lot in the past at GERS. But that was when there where way more shares available to trade.
News 
Market Data 
Discover 
AI
