RUBY.. here is my guess (opinion)......
I predicted this a couple of months ago, I doubt anyone on this board is selling, it is someone with a lot of shares selling to crush the price... then buy back at a lot lower price,
they may get fooled though, I am not selling and most on this board will not sell.....on the face of it, it looks like a great opportunity for the MM's or a hedge fund to get a lot of cheap shares if they can panic people into selling,
a one year wait till they cash in big is nothing to someone with deep pockets, I believe it will get worse before it gets better. we will have a lot of ups and downs while the MM's or others accumulate shares...... hang in there...The oil is there and the investigations are a non-starter
Most on this board are loaded, I would buy, but i have no more cash in my account,
If i had 400K or 500K shares to play with,and a partner that would buy when i sell at a cheap price, then sell them back to me at even a cheaper price i bet we could take the SP down to below 10 cents by selling on the bid, then as the price dropped buying back on the ask...picking up more shares than i was selling... it would cost me a little money, but if i had deep pockets i wouldn't care..........the problem with that is me and my partner would wind up in the slammer..... the MM's have no such worry....it is legal, they would say they are just making a market like they are supposed to do.
Knowing the SP could be $5 to $7 in a year to 18 months, they have plenty of time and money to give us heartburn for the near future
This is blatant manipulation, hopefully the SEC is watching, the SEC is pretty benign on OTC stocks though, I am glad we are under close scrutiny by the powers that be or the manipulation would be worse, we would be down to pennies by now.
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