Money from the pump and dump ?? $12.8 Million Dollars.... must be the money you are referring too.....that HESG and Tom Gaffney hypothetically gained from those 30 days of trading in November 2009?
For someone with your hypothetical expertise in the 10000share market, I find it funny you don't have any idea where these funds from HESG's hypothetical stocks filtered off too.
Let me give you some facts.
HESG average closing price for those 30 days was about .0008 with 16 Billion shares traded.
HESG at the time had only 2.2 Billion shares outstanding, with a float of 600 Million. Hypothetically
HESG actually had short interest on a few days that was greater then the last reported float...
Knight Capital traded 10.6 of the 16 Billion that month, with VERT and UBSS in a far second and third place with only 1.8 Billion and 1.7 Billion HESG shares traded.
So with the HESG float at 600,000,000 shares hypothetically at the time available to the market.... HESG stocks must of flipped at least once a day for that 30 day time frame, to get that kind of total traded monthly volume numbers...... don't you agree.... Hypothetically?
Hmmmmm....... thats funny I don't remember selling my shares that many times.
So with those facts I just spouted out..... How much money do you really thing HESG and Tom Gaffney made from that run.....Hypothetically?
Don't forget what Scottrade makes from those shares they loan out to market makers like Knight for shorting...... if you didn't know they make on average of .0010 per share loaned for shorting purposes.... no wonder HESG had over 50 Billion shares traded since Jan. 2009, thats a tough nut to cover for the market makers.
And the selling fees and commissions for penny stocks..... Try this, see if Scottrade allows you to set a unrestricted sell price.... I'm sure they don't want you selling your shares at prices "they" can not afford..... So they limits on the max, you can sell your penny stocks for.
What would Knight Capital do without friends like that?
Call me a liar if that ain't the truth......I'm sure you know the CEO of Scottrade is also on the Board of Knight Capital as a President...... how convenient isn't it? Tom should take some notes from him on how to be a great CEO .... don't you think?
So out of these 16 Billion HESG shares that were just traded for that month of November...... How many of those shares were Hypothetical? Since the last reported float was 600 Million available to the trading public?
Now ask yourself those questions again and see if you can figure out your own answer....
But facts are facts........ Yes they are!
Why do you think.... HESG had a lack of financing? It had nothing to do with the fundamental facts of the trade .......did it? What's the purpose of investing in stocks of a company again?
Provide Market Capital?...... ha thats a new word for HESG isn't it?
Now tell me 10000SHARES how that would be possible to create any sustainable market price for a stock when you have 50 Billion shares hypothetical traded that year from a float of 600 Million shares hypothetically?
600,000,000 x .0008 on average?
Also minus fees, market pr, website's, legal, taxes, & Frank, Bruce, Mike, John, MWAB52, ERIK/C...... would probably only leave enough money to pay off the HESG shell.
$480,000 maybe? $100,000- $50,000 If I were to take a hypothetically guess, but your right what do I know about this stock.
Hey they did save money but not letting Frank use a spell check......