Yes. That's what they are doing so they can buy back their shares at a lower level.
That's why they short! They have now shorted 42.5% of all the volume over the last month!
The huge run up was being tactically done. Creating volume making investors believe there is more interest than there really is and all the while their intentions are to buy shares at a lower price point.
I saw this info 2 days ago and sold all 1.2 million of my shares I recently purchased between .0028-.0034.
This thing should have run to almost 2 cents but they stepped in and shorted over 20 million shares when it started to run up.
It will take massive volume to turn the tides now until they decide to cover their shorts.
My guess is to re enter this stock between .0028-.0034 again and take your profits now unless you can convince everyone else not to sell their shares to cause a short squeeze!
You need about 30 million shares of volume to turn the tides not the dismal 10.4 that we saw today
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