Replies to post #339 on Shearson Financial Network (fka SHSNQ)

[makesumgravy]

Obi are you gonna update that share count? It isn't correct and some will view this as misleading, and rightly so. The company does what the company does. Right now someone is selling their old float.

[emulwa]

The MMs usually do that during earnings season so as to scoop some cheap shares because they know that stocks usually move on strong earnings report. Remember, the wider the spread between bid and ask, the more money MMs make. They are trying to widen the spread and make money before earnings because they know that this same spread will squeeze in after earning and they will not make as much. Also, when they scare weak hands, they can sell the same shares they bought from weak hands at 0.014 for 0.03 and make a huge profit. It's all part of the game IMO.