What's up with all the sudden fractional BID/ASK offers......ex. Bid .7458/Ask .7459?Looks like one of those old Market Maker tricks when they need to slow down the MOMO and shares are getting scarce.A pathetic obvious attempt to lesson their losses by drawing the BID and ASK within fractions of each other while they buy and sell to themselves in a last ditch effort to walk the PPS back down so their SHORT POSITIONS can be covered with less volatility.
Another thing I can't help but to notice and this one doesn't even require trading knowledge or even having to look hard.But now who has such a HUGE interest in profiting from any FREE downside that they are willing to drop their ASK price at the very moment it is being bought up.That's right they are even going so far as UNDER CUTTING their own ASK at the very moment it is being bought up to stop or slow down as much forward momentum as possible.On the surface that whole concept defies any sense of reason, common sense, or logic.That is unless the only way that party can profit from trading FREE is if they can some how create and influence some sort of downward selling pressure.In order to do so when all else fails they attempt to create the constant illusion that enough buyers aren't there to buy up the ASK by stacking the ASK with the help of a few other friendly Market Makers.Notice how when they do stack the ASK they all appear at once at the very same time and it is most always as the PPS is moving up!
We also have a little group of flippers pretending to be chart wizz's who graciously chime in from time to time to warn us when to sell and then bless their hearts alert us when it is time to buy back in (after they have of course at a lower PPS).They are slowing down the Northward progress (Not stopping it mind you just slowing it down) and a big asset to those shorting or those who need a lower PPS to succeed with their own agenda.
In conclusion there is no question in that there are just as many entities who will not profit with their FREE position unless they can get the current PPS down as there are certain other entities (there called longs) who will not and can not profit from their FREE position unless the PPS continues to rise.Make no mistake about it there has been an all out effort to take FREE back down or a least slow it's north bound progress.One need to look no further than L2 and watch the daily action there to understand beyond a shadow of a doubt that someone or some entity is diligently working this stock with purpose and with great resolve to the downside.Now what there is question about.....will FREE management continue to stand by idle and let that happen?Or will they take advantage of the current FREE market condition and get FREE back above that $1.00 mark to regain NASDAQ compliance?A recent filing implies the latter :-) :-) :-) :-) :-)
Sept. 25th FREE insiders withdraw sale of 2,469,551 shares!
"The Company is seeking withdrawal of the Registration Statement because current market conditions make proceeding with this offering unattractive. The Registration Statement has not been declared effective by the Commission, and the Company confirms that no securities were sold in connection with the offering described in the Registration Statement"
I'm very well aware of the and's,if's,but's and maybe's in that statement.I'm also very observant and L2 is and has been since the initial rise in the PPS screaming.....let me repeat myself.....screaming manipulation that is undeniably slanted toward the SHORT or slow this thing down side.Some of that down side manipulative smoke screen pressure we have been seeing may have been coming from those who were being issued shares based on the daily weighted average PPS over a calculated time frame period so they could receive the most bang for their buck in shares.Some from our residential unscrupulous short sighted flippers who are rah rahing one day and after selling dooming and glooming the next.But make no mistake about it there are also those who are, and have been, establishing SHORT positions in FREE who were, and have been, counting on some dilution who are now growing impatient with their lack of progress in their unsuccessful attempts to drive FREE's PPS back down.
Either way FREE management would not and should not have any vested interest (it flies in the face of reasoning) in seeing a falling PPS and if they were diluting they certainly wouldn't be UNDER CUTTING their own ASK at the very same moment it is being bought up or keeping undue relentless pressure on capping the further rise of the PPS.Only two groups would have a vested interest in seeing that through.....SHORTS and those who are receiving shares based on the daily PPS calculation.So that being said the reasoning for one pulling such antics is a truth we should hold to be self evident.....self explanatory.Those two groups along with a few flippers are attempting to derail any further upward progression of FREE's PPS because it is not of a financial benefit to them currently to have this happenning.I personally feel as though they have made a gross miscalculation and in doing so have placed themselves on the wrong side of the trade here.If so that decision could have far reaching negative financial implications that can not be easily resolved.We shall know soon enough time is of essense here.....
"Oh what a tangled web we weave when first we practice to deceive." - Sir Walter Scott
javier1973 why do I find it hard NOT to like you..
you do show some signs of class with your negative short worded post.You are a gentleman of some sort and it shows every now and then.....at least you are transparent and everyone knows where you stand :-)
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