Mind if I answer that? if this company PR'd that they're doing a By-Back, I'm without doubts it would spark buying.
Any pink company that announces buying back shared will find stockpile of buyers.
Everyone in this stock at .0001, will be the “stand-by flippers”.
The higher the PPS raises above .0001 the stronger the urgency to flip.
As there is proof of actually buying-back shares, more and more non-believers will become believers and join the buyer's club.
PIGS will also join in and begin gouging up multiple mega-blocks of shares.
But it won’t rise so quickly at the start for all the skepticism.
Actually, as soon as there’s a BID, chances are many will sell out and be done with this stock.
The sell off on the BID may plunge the ASK back to .0001 with no BID again.
But as the Buy-Back continues, the buyers will drive the ASK back up as the O/S shrinks and becomes more reactive (responsive) to the Buys/Sells.
Eventually we’ll have lift off.
As EVFL gets more and more exposure, more and more buyers will join the club.
If there are any SHORT positions, MM’s will be needing to cover their positions (buy shares), else risk one hell of a deficit and a lot of explaining to do to their clients.
There will be ultimate UP-TICKS and Short term investors will be jumping out as Long term investors Jump in.
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