News Focus
News Focus
icon url

PCola77

11/28/07 11:43 PM

#5210 RE: Mango #4960

I think there was a bit of confusion about what was going on earlier today. When I saw it, it was no bid x .0001 ask. In order for large chunks of volume to be the company "dumping" (i.e., dilution) there has to be a bid.

Think of it this way, if I have 100,000 baseball cards and want to sell them all, I can't do so if no one's willing to buy them. Yes, I could "dilute" by selling them all for a penny, but in order to do that, there has to be someone willing ot pay a penny for 100,000 baseball cards.

The real confusion was that I never saw the bid move to .0001, so I didn't thikn the company could be "dumping". Smoke said there was a bid for a brief while, and I just plain missed it. Thus the back and forth between him and I.