I never mentioned etrade. I’m not sure if you meant that for me, but I’ll share my thoughts. I can’t speak for etrade. They did what they did for reasons unknown. What I do know, is why they lifted the restriction and that’s because Verus is a legitimate company that is fully audited and current on all SEC filings showing major traction and growth.
Why the dump? I’ve explained this already, as have others. The OTC is the Wild West of a stock market. Anything goes and few ever get caught or punished for what they do here. Yes, there are large groups of investors, who see an opportunity to make a quick flip buying, flipping, and yes unreported shorting (naked shorting). These traders have deep pockets and they come in fast and vacate just as fast leaving an abundance of shares to be absorbed by the market. Which is what you are seeing today. I can’t explain it all with certainty, no one can. These things happen more often in the OTC, because it takes less money to move stocks. Look at today - 35M Shares traded at $.026 is roughly $910,000. Seems like a lot to us, but that’s the entire market volume for today and this is a huge volume day. If you have 10 groups all doing the same thing, that doesn’t take much to move a stock like VRUS.
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