Smitter, it isn't misleading because it never ends. They never give it a break, never, ESPECIALLY when there's news. And look at the result: OTHM has a great day (Friday), and can't hold a shred of the value gained. Bear in mind that this is price territory that OTHM had already double bottomed in before Friday. The complete erasure of last Friday's gains is reason enough to call it dumping. What would you prefer I call it? Nice selling that has hardly any effect? Because that would be misleading; it has a tremendous effect. The debt dumping is the largest single cause of price change (to the downside, of course) in OTHM. It drives price (down) more than anything else. What other price driver can you point to that, every single day, has such an effect on OTHM's pps?
Low volume days are far more common than high volume days, so this unending, daily selling by the noteholder (long way of putting it, but entirely accurate) always beats the price back down after any gains.
And it has an effect on high volume days as well. The noteholder's third party sold at least 15 mil last Friday; they increase the selling with the volume. IMO, pps would have easily topped .002 without the debt selling.
The company named the problem, acknowledged it, and proposed a plan to deal with it, and that's good; but it's a helluva lot more than an "eyesore," as they put it. "Eyesore" minimizes something that has close to COMPLETE control over OTHM's price action.
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