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ThePennyGuru

06/20/09 9:09 AM

#6650 RE: VincentMertens #6649

Vincent- The Hedge fund that was selling was Trafalgar. The number was 10,177,000- This does not count what they had liquidated for Libertas the 3 days before.
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stargrazor

06/20/09 11:34 AM

#6666 RE: VincentMertens #6649

this was controlled selling, first off it was selling at the same price, no way could 15mill sell off not knock share price down below 2 cents, also it was even number sells in huge amounts, if there was a huge naked short position the mms could be transferring shares from one broker to another to hide the short positions from the section or just a transfer of ownership of those shares, a 15mil sell off would of took this sub penny under normal conditions, no way was there that many investor buyers sitting on 2 cents, this is real fishy.