Replies to post #9542 on Enterra Corp (ETER)

[Peggy]

It's part of the game. Some will attempt to convince the unwitting that the stock will remain at the post reverse split of 20 cents (or whatever) and will actually start going up. So the insiders start selling those post split shares (the ones they awarded themselves) to whoever will buy them. Typically they sell slowly at first to project the idea that the price will remain at the higher levels and even go up. Over time, the rate of insider selling increases and begins driving the pps down. Of course, the insiders didn't pay squat for these shares so every share sold is pure profit to them, even if sold at .0002.

[Rcranga]

Your trades are suspended? Till new shares issued. In the down time the insider buys his own stock to show a nice 52 week high and pump it up, sucking in some fools., Just before your able to trade it'll come down. Then when you are able to trade it will drop back to the usual mean price. It takes awhile, deer in the head lights effect for some naive traders. Your first R/S?