Actually, you couldn't be more wrong. This exact kind of day of trading that you are describing just happened on Feb 18, with 270 million shares traded and up just a tick.
Weeks later, Emax got around to updating its share structure, showing that as of February, 800 million more shares where added to the float. It amounted to a 184% increase in the float! Hundreds of millions of shares were unleashed upon the market on that day, keeping a lid on the price, the same trading action that is happening today. I was here! I saw it!
Note, Emax hasn't updated its otc share structure since then, even though it filed a billion authorized share increase on April 16. Roxie is hiding that news up her sleeve!
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