I also respectfully disagree. MMs are obviously a big part of what's going on today. It's what I pretty much expected. Last week's PR, as exciting as it was, really should not have affected a pink sheet stock price very much. The slight bump this morning was predictable, as there was probably a push in demand for the stock, followed by the predictable big sell off - short sellers again contributing to the decline in price so far today.
Over the weekend, I laughed my butt off at those who posted predictions of .05 or more for today - are you kidding me? Can anyone cite a time in the last year where a pink that listed at .02 or less posted a 200-300% gain in one day? A gain that actually stuck and held? Good luck finding one.
Bottom line is that until a buyout is accepted or officially declined, the stock will continue to run from .018-.0225. That's the trading range - most likely set by the MMs and those who work actively to run it up and down. In other words, until we get something conclusive, flippers will still be able to make money on this stock. maybe Jared knows that. Maybe the buyer is trying to make profits ahead of closing a deal. Who the heck knows exactly what's going on? Very - and remember this above all - BECAUSE IT'S STILL A PINK.
Don't get me wrong, I LOVE EESO. Even today, I did what I thought was prudent in buying more of it at what I thought would be today's low - got another set of shares half an hour ago at .0185. I'm still averaged under .02 and will continue to buy what I can at the loswer levels until a confirmed buyout occurs. I believe in EESO big time and consider myself in it until this journey ends, either with a buyout of not.
However,again, remember that a pink is a pink, and that the trading range will stay largely the same until we get a more defined outcome to the company's dealings with the buyer.
As always - GLTA - go EESO.
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