Hey Tank, how are things? I would think that someone might just sell to get a tax write off perhaps. Who knows what's going on with this thing. I've seen RS's go all out with dog meat in a heartbeat. But I hope for you this finally turns into a legitimate company... Good luck.
From observing another stock when I had orders waiting to be executed, I've noticed that sometimes only market makers are selling or buying shares without any retail order being executed. I've noticed cases where they sell and buy at the bid or ask price so one could believe it's a retail order being executed but it's not. I have even seen NITE placing an order quickly just below the ask price of that moment to execute an order a few seconds later. The amounts of shares were ranging from around one hundred to a few thousand. I don't know how it works exactly and whether it's legal though.
I'm out of trading anyway and even more so when it comes to penny stocks. I'll only be holding my shares of IHAI for an indefinite time, you never know...
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