Replies to post #40048 on Franklin Mining, Inc. (FMNJ)

[imanjen13]

You think that market Makers are playing with this stock? Let's see, the total volume was 6000 shares at .0051 for a total of $30.60 worth of stock activity. The offer remains at .0123. If someone hits the offer the stock will be "up" 141 percent!! many times when the stock is reverse painted by the MMs it is an attempt to get weak hands to sell since they either have a buyer at a higher price or they know something and want to get some inventory to accommodate the trades. The key here, as always, is whether or not this company is actually mining ore or are they again putting out false news stories. Past history indicated the later is true. That being said, if this is, as many suspect, a scam, how do they hope to cash in. One anser is that they plan to start again to issue shares out of treasury and sell it to vendors or open market purchasers and pocket the proceeds. The optimistic view is that there really is a partnership with a legitimate mining company and that they are enhancing the processing facility and will report some income in this quarter. If they do, many will rue not buying in at these prices. If they don't, people will be throwing in good money after bad. As always, time will tell.