NWMT letting it's status go to CE was unreal but honestly I expected a larger bounce this week with the status reset to current. Their balance sheet and P/L do also look to good to be true for a penny pinksheet company and oh by the way, I'm a former accountant.
Just coming off a CE status with a strong AUDITED balance sheet only to increase the authorized shares without an acquisition announcement (to be paid for with stock) doesn't look good and a creditability issue may be holding this pps down. That is my theory. PV's (CoB) relationship through the non-profit organization with all these other pinksheet companies does not help the creditability issue either.
This is not MM manipulation as MM mainly deal in technical's and not fundamentals per se. Again keep in mind, MM are mandated by law to provide liquidity to the PINK, OTC and NASDAQ markets (Amex and NYSE do not use/allow MM).
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