Response to LGL
1. My source notices according to OTCBB.COM (best site for over the counter news, market maker activity, etc.) bid was 8 cents, ask was 11 cents at the time of the lowest trade you are referring to, and, of course, it’s gone up since this bottom.
2. My source and I further notice the 8 cent bid and flipping to another market maker looks more like a market maker did not have staying power and like the others may want to shake out those lacking staying power (i.e., either it was sold for fire sale prices to a market maker, or more likely, one market maker flipped a tiny trade to another to get things rolling for the day, since most are buying from the company).
3. My source suggests you notice the only retail buyer (everyone else is either waiting on press releases, or buying straight from private placements) paid 11 cents (still a steal!) over the counter.
4. According to OTCBB.COM, as of 12:27:57 EST, bid is 11 cents (NITE). Lowest ask is 12 ½ cents (UBSS) with other asks ranging from 13 cents to 5 dollars, with the average ask around 90 cents, all, after a long period of minimal or no information and prior to forthcoming press releases.
5. As of 13:40:49, according to OTCBB.COM, 21,000 shares got dumped onto the market (rumored mostly for emergency cash to pay employees on Friday), 15,000 of which was unloaded for 11 cents, within a 25 minute period.
6. My source and I are of the opinion if people are going to talk about 8 cent trades (a price point an over the counter investor has not been able to buy at), they should reference that trade was at a low bid point (almost given away to a market maker), in order to keep things clear for others to understand.
7. Hey LGL any response to my post 311 regarding valuations etc…?
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