There is still the possibility that the share counts in the OTCMarkets.com are not correct. If the O/S is really 28.322 millions, it does not make sense that the dilution for the last 5 days is only 34.67 millions (5.25+5.34+4.52+9.70+9.86), which is only 0.12% of the O/S. (If you were the CEO and going to dilute while the price was going down to triple zeros, would you dilute only 0.1% of the stock that you have?)
In addition, I believe that the O/S of CLG** (You can see what it is, if you find my posting history) in the OTCMarkets.com is not correct. It shows that the O/S is only 550K. It has a R/S and mergers recently. (If you believe that this number is true, it migbe be better for you to consider seriously investing in that stock.)
My point is that we should still consider the possibility that the numbers in the OTCMarkets.com is not correct.
In contrast, another site, OTCbb.com, shows that the O/S is 298 millions, which I think makes sense much more. According to this O/S, the last five days volume is 12% of it.
Even if the share count in the OTCMarkets.com is correct, I believe the float share may be much lower than the O/S, which, again, explains the volume for the last five days.
My conjecture (or hope) is that the reversal is coming shortly, or has already happened today:-). Let's see what will happen tomorrow.
I wonder if they just reverse split the common shares to basically push all the common share holders out but didn't reverse split the preferred shares. Then I wonder if they raised the authorized common shares from 400,000,000 to 50 billion after the reverse split to make room to convert the preferred shares. Then they converted the preferred shares owned by the insiders which were now worth a lot more because of the reverse split then immediately started dumping some of them into the market which has sent the PPS plummeting into the triple zeros in record time. It only took them a matter of days to get to an O/S over 28 billion and a float over 3 billion. Who knows how much higher those numbers are now that another 4 weeks has passed.
Remember when some of the big time pumpers on the IHUB were praising this stock. Oops.
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