InvestorsHub Logo
Replies to #27747 on One Step Ahead

zeninvestor32

01/22/05 6:13 PM

#27750 RE: willhub #27747

WILLHUB

If that's true than an equally perplexing question arises. In my experience with pinks/otcs, the MMs eventually always run up and down the stocks with large volume ... and yet, they have pinned this one down at .0001 x .0002 for months on end despite unbelievable volume. Things can't be right both ways IMO -- either there is a pretty signficant short (but this defies logic since they should have raised the bid/ask by now to induce volume selling) or there is not a significaI short (which would mean they could easily go long and run this puppy up and down for massive profits as they do on most every other pink/otc when large volume is available). Something doesn't jibe. This trading is inexplicable. Which leads me to conclude that something is going on here that we have no idea about whatsoever. The natural basher response is that Urban is dumping shares. I disagree because: 1) the SEC would have shut this down a long time ago if that were happening, 2) Anyone dumping 100s of billions of shares would have to go through some large MMs to do so and even dumping MMs aren't stupid MMs -- they would not keep this pinned at .0001 x .0002 when they could easily have gotten more at various times, and 3) I just still refuse to believe Roger Glenn came on board to assist a pink sheet company in dumping 100s of billions of shares -- there is just no logic to that whatsoever.

So anyway .0001 x .0002 baffles me. And it always will. Perhaps one day I'll get to talk to Roger and he can help me understand just what was actually going on.