If I am correct that there is a leakout rate or law as to how many shares may be sold in a day on these lawsuits, then there may be a reason for high volume other than normal market forces.
The settlement order was just issued on 8/31, now presto, we have a high volume day again. Is it manipulation? I call it highly suspect.
Like I said before, the volume was cumulative over the week, with a reset each new week per the agreement I looked at, and volume credits today could be used up until Friday if the same agreement is in place on these lawsuits.
Here is an unrelated suit I am referencing, same courtroom, same lawyers and the leakout agreement.
2. INVESTORS' LEAK-OUT. Each of the Investors receiving Settlement Shares agrees, by and among themselves, that no Investor shall sell more than their pro-rata allocation of thirty percent (30%) of the daily trading volume in VoIP's common stock, as set forth in Annex A hereto; provided however, any Investor may cumulate the daily trading volume in any given calendar week to compute their leak-out amount; provided further, that the aforementioned cumulative trading volume resets every Monday. This Investors' Leak-Out provision does not apply to any sale of VoIP's common stock at a price above $0.75 per share.
If the volume today was in fact manipulated, it is not very likely good news for the end of the week share price.
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