Replies to post #43922 on SPO Networks Inc (SPOI)

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A very elaborate theory, yours

What happened was that HLNT's 2nd quarter financials showed that the revenues were lower than expected. Many were afraid that HLNT would need to do some kind of financing to continue its operations.The shorters figured this out, too. So the shorters waited, looking for any sign that a PIPE was being used, knowing that the stock would drop in price. When that occurred, they attacked the PPS, shorting heavily. Unfortunately, the PIPE, through HSDN, was blind sided by this and dropped the asking price to try to get under the shorting activity, until the PPS reached his bottom price at about $.0012. At $.0012, the ask on HSDN quit dropping. While there was still shorting activity going on, when the MM's realized that the PIPE was not going to chase the PPS anymore, that took away the incentive of the MM's to support the shorting assault on HLNT. The stock stayed in the .0010 to .0013 range, but never hit the 000's (as a few had predicted, and probably with some interest that it do so). When the PIPE raised his asking price, there was a last short assault on the 30th of August, and then the PPS started moving up again

Here's mine: someone was dumping a lot of shares and the price went down. When they were done the market returned to its norm.