this is closely watched...

Had an interesting experience this morning.

With one 56k bid on UCLOB at $0.026... I added 150k to the same price.

Within 5 minutes of doing so... someone/thing smashed through 252,880 worth of options up to $0.038

Then, minutes later, somone sold 252,880 back down to $0.027

Two larger cross trades were involved each way...

There could be some jittery holders out there who are just waiting for a sniff of Insider trading to set it alight... or it could just have been pure co-incidence. However, as soon as the Buy side looked healthier, there was what seemed like manipulative action.

Pulled my bid after that and that was it for the rest of the day.

This thing is on tenterhooks... one feels that it will fly on news.