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IMO this seems like an orchestrated P n D..This is my train of...

  1. 91 Posts.
    IMO this seems like an orchestrated P n D..

    This is my train of thought:

    Entity A (be them Broker, individual, or company) has about X amount of shares to sell. However, Currently there are no buyers at 0.001..oh crap.

    Entity A decides to buy another Y amount of shares to generate interest, get people talking, see if some Day Traders will get sucked in on the promise of 100% profit in a day.

    Entity A then gets to offload the original X amount plus the Y amount they spent in order to do the P n D, and the price goes back to normal.

    X + Y = 0.

    I believe this to be the case based on this morning's action. The Entity wanted out before the market woke up to the fact.

    On the good side, lets hope it "attracted" new investors - who are locked in like the rest of us.
 
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