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mainuh

11/14/08 1:58 PM

#30846 RE: bag8ger #30844

as I pointed out bag8ger......
the odds are on the mm's side at this time.
They may be counting on an r/s to help them out, or figure they can get the company to sell them what they want by not letting the stock trade properly and shareholders complain enough.
In the case of RCCH, I don't see the typical strongarm tactics of some mm's working.
They are counting on something to get the shareholders or the company to capitulate, so they keep selling air.
If the company holds true to its word, they are screwed, period, and we will enjoy a nice profit as well.
As far as why they are doing it, only they can answer that, but they are treating this like any other pink pretty much, but I do think they realize it has something to it, so they are doing their best to paint the tape and demoralize shareholders, so far that is backfiring on them, lol~

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Hedge Starz

11/14/08 2:00 PM

#30847 RE: bag8ger #30844

well if they keep selling billions of fake shares the price will stay down and the company may near bankruptcy if they can operate without shares being sold for more than .0001. Also people will think it is company dililution and everyone will sell and get out before there is no bid and everyones shares are worthless..they are trying to do both
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sidesh0wb0b

11/14/08 4:25 PM

#30890 RE: bag8ger #30844

not all brokers are doing this. scottrade in particular wont even allow any buying on it, they say its been deemed not liquid enough......not enough volume for what its worth. even though when i asked why they thought that they had no reason. they allow trades on other companies with little to zero volume and massive floats......sounds awfully suspicious if you ask me. and yet another reason im moving my accounts off of a broker like that.
heard the same about ameritrade, but i cannot confirm it 100%