InvestorsHub Logo

trader59

08/23/22 11:34 AM

#129891 RE: fireballka7 #129889

The dump was interrupted, but it had begun. Why else did the PPS peak at 7 cents if all those con artists really believed it to be worth $4.17? Why all the cheering on social media after the US judge closed the bankruptcy proceedings for the PPS to go up past a nickel? Why'd the PPS matter at all if there was a buyout coming?
It was a typical OTC pump and dump supported by a brazen lie that a company liquidated and shut down was being bought out for a price that was over 5X's the liabilities that forced the company into bankruptcy. The dump was unexpectedly shortened with the deletion of the ticker, but it was surely underway.
https://www.barchart.com/stocks/quotes/BIOAQ
Shorten that chart to 5D or a month and tell me why all the red days at the end?
Somebody(s) were selling stock. A lot of it.