They came back as soon as .06 was hit on the ask and stayed on the ask at .077. The bid at .06 did not last long before whackers came and the paint down at close.
The issue here has been consistent for 6 months. Lets say a buyer shows up trying to buy 500k shares and sits on the bid at .05. Hours will go bye with zero fills and then the buyer proceeds to take shares on the ask. The price will go up temporarily to say .07 and there will be a shortage of sellers at that point.
As soon as that order executes magical sellers will appear and start undercutting the recent trades and putting up shares for sale at .06-.065 even though the last trade was at .07. OTCX then shows up to ensure that any reversal attempt is killed and then they walk the price back to .05.
This has essentially been the action the last 6 months and it has played out quite well for many to see the last 3 weeks.
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