It would take very little effort to keep the price down, given the low trading volume and low share price.
Robbins was very bullish on SCMI/MMXT long term as I recall the comments he allegedly made at the last SCMI shareholder's meeting.
Everyone wants to buy lower I guess, and the deeper the pockets, the lower they want in perhaps.
It looks like retail traders are shark bait for now. I'm staying out of the water. (holding)....hope that's the right tactic.
I suspect the 2nd half of '05 could be very huge for SCMI/MMXT. Based on a 3 year chart, June or July is strong every year for whatever reasons.
This year, based on fundamentals, SCMI should be rallying big at some time. I suspect that time will come when the sharks are filled with fresh meat.
My understanding is that convertibles have been issued...SCMI has plenty of cash and is not diluting down here. Notice how low the volume is. The financiers should have restricted shares for 12 months?? New shares do not appear to be hitting the market.
But, retail shareholder slow bleed capitulation appears to be providing several hundred thousand low priced shares per day to whomever is buying most of them.