This change in substantial holding announcement explains why the sp had trouble holding much of the gains yesterday and why the sp did not rise as hard as it should have today.They sold 2% of the share registery for a average price of just under 0.029 cents the other day and considering there was a constant dump of 500k lots of shares all day today,you would think that most of them particular sells were the same holder.I did notice towards the end of the day that the 500k lot seller seemed to have run out,hence why im still holding.
With a large seller holding the price down all day,imagine where the sp would have gone without this seller,and who picked most of them up?.I also noticed that while this seller was dumping 500k lots from off screen into the buy stack,a larger buyer would just take out a sell line.
I may be jumping the gun here,but I feal this stock is primed for a huge spike next week,going by the way this stock has traded.
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