Replies to post #277602 on Sulja Bros. Building Supplies, Ltd (SLJB)

[Melvin Chizedek]

You are begging the question, sally. There was no "price raid". The company was exposed as blatantly lying about the fictitious audited financials, and people dumped it.

But just for an example of scam volatility, feel free to pull up a graph of USCA.

[boogaloo]

IMO, It may be as simple as... numerous amazing promises, over and over, far beyond everyone's wildest dreams. A big PPS runup, and lots of hype. Then, the AF thing slowly came to a head... promises became more specific, and the noose was tightening. This culiminated with a date specific, widely followed, AF promise. A singular pass/fail event, if you will. There was no grey area anymore. Deliver, or don't. Then the date was reiterated, again.

So, when the silly excuses began to flow after hours on the date of the promise... people began to realize they weren't getting an AF. Panic ensues. Everyone wants to sell/dump. Heck, for all we know maybe even AD was dumping millions of shares on our heads. Who knows. And other large shareholders, I'm sure.

So, my point is this... it's not magic. At any given price level, if everyone wants to sell... but nobody wants to buy, the PPS will DOWNTICK and it'll keep doing so until there are buyers. Period. If that means drop from .09 to .04 and then all the way to .01, then that's what happens. The market seeks liquidity, if it's possible. And there weren't buyers after that AF debacle, until much lower price levels. So, that's where the PPS went. It's not some magic and mystical conspiracy situation IMO.