asf, yes it can go on but not forever of course..
What's your thoughts on my thoughts below?
It's very likely that the insto's that took up their placements sold the stock down. You might think why?
It's just a money making game/strategy for them as it is for many others.
If you have the chips, you have the power.
Example, they started with 1 million shares, sell from $1 all the way down to 60 odd cents. Then they pull the trigger and buy slowly back up to $1 (market withstanding). In the meantime they make trading profits from panic retail investors and short term traders and end up probably with more shares than they started with.
Effectively they have either reduced their entry level of $1 if you take the trading profits into account or have more shares at about $1.
Too much volume has been going through after the placement in comparison to before the placement for this not to be a real possibility.
I know this sounds far fetched to many but it is a game in the end as infose suggested.
Just my opinion of course.
:)
Nic
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