Replies to post #19010 on Radient Pharmaceuticals Corporation fka RXPC

[dcspka]

Either way is normal behavior.

Investors routinely write of their losses against their profits at the end of the year, and MM's routinely try to get a stagnant trade flowing.

Lakeshore trying to determine a person's actual loss is futile, since everyone has multiple entry points along the way. Few people accumulate a substantial position all at once.

[lakeshore555]

Perhaps it's someone in the Class Action group who bought in March 2011. There are certainly members of that Class who haven't sold yet.

40 shares before the 25:1 split was 1000 shares. They could have paid $1.80 PPS for those in January 2011 but let's say $1 per share in March 2011 to keep it real. That person could be FINALLY selling now to take the $1000 loss.

I don't think a market maker would record a 40-share trade to create volume. Maybe to paint the tape, but the PPS was already at .0001, so, who knows.

[Gold Seeker]

Maybe the small sales was someone who foolishly thought Radient somehow had value and hung onto the shares. Someone could have spread a merger rumor. Too bad he didn't sell earlier.