All I'm saying its that from L2 it appears that the company is doing a major buyback of their shares, seen this before. It will take them reducing the shares in the market by several billion more in order for it to make a major move. At this price, its a time to load, imo.
Who does anyone really think retail traders even own 3 billion shares of this stock with it's prior history? There are only 2 possible sellers with this volume. 1 NUBV and 2. MM's. Remember the MM's were able to buy at sub 0001 for month's and would be happy to sell to 0001 to NUBV
The odds are
The Company is buying back. Let's look at this. 1st there are only 4 possible buyers of these 1 billion + shares. Retail(that would be us) Market Maker's, the company or large investors. Retail buyers or not buying 1b shares. If they were this board would light up with proud buyers and there rational for buying and likely some really good news would have to be out for this to be true. Next, Market Makers and large investors. Not likely of course until today we have not seen a bid in ages and Market makers are certainly aware of the risk of a R/S when a penny stock is showing a no bid and the ask at 0001. This is the cloak used by companies to do their massive dumping without causing shareholders to panic. Experienced traders, Large investors and Market Makers know when you have a no bid with a 0001 on the ask, Market Makers are usually buying shares the company is dumping well below 0001(00009 00008)and out of plain sight of retail traders. When this happens the dumping is huge and there is the threat of a R/S to compensate for all those shares dumped when the printing press runs out of ink. translation, Market Makers and large investors are much smarter than that and i doubt they would take the risk with 1 1/2 billion share only to have a potential reverse split happen. This only leaves the company as the reasonable buyer. If you want to be successful in your trading, THINK LIKE A MARKET MAKER. GLTA GO NUBV
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