I truly don’t get it. You might as well set your money on fire.
Are they wash trading to make it look like an interested market so the bid stacks up (at any level) and then wack the shit out of it to get something into the market?
Then rinse repeat?
That’s what it looks like. I doubt the MM are losing money in the process.
But then Michael Wachs served time in jail for a $20 million fraud on Chase Bank in 1996.
Just a bunch of criminals.
They diluted 400 million shares in like a month and a half or something.
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