Cubinvestor1: Sang Lee's Risk
Good Post. Some of the problems with XMDC's stock price is what is known as "Naked Shorts". If you are familiar with that type situation and the Current Market Makers, there is no telling how many million "Counterfeit Shares" there are floating in the Market of XMDC's Stock.
The only thing that will stop the "Naked Shorts" is a rapid rise in price, without the Buyers "buying and selling" at the same time. A lot of people here may not realize and/or understand the situation that exists with a lot of 'emerging companies' and the "Naked Short" problem. The Market Makers are able to almost "Totally Control" the stock price. Until they stop 'swapping' the "fail-to-deliver" orders from one "Prime Broker" to another, this stock Price is not going to increase by any large amount. It may go to .015 cents or .02 cents per share, only to go back down because the Market Maker "Naked Shorted" the higher price, only to cover with a "buy" at the lower price to make a Profit. This happens Daily with Many stocks in this price range.
This is Exactly what the SEC need to Regulate ! This situation has existed for many years and has 'bankrupt' many emerging companies that should still be in business.