They say that was us in desperation causing that decline. Right!! Most can't afford to sell what they have the price has been disseminated over the years, imo. They are pretty bold to think that after the last reverse split they got any major amount of new investors! The price has been so low for so long, most likely not even possible. It is the company or their cronies selling end of story!!!
If you notice, the increase in volume coincides with when the 50+ billion restricted shares were issued.
Either the company started diluting, someone offshore is selling the restricted shares in the market or the market makers took it upon themselves to short the living hell out of it.
I tend to believe it's all of the above. There was plenty of talk about Jack Chang selling his restricted EFGO shares into the market when he was a consultant there last year. What mm wouldn't want to short this thing. Look at that plunge from Nov. That's pure profit, and when you don't have to come up with shares it's better than gravy.
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