Posted On: 08/26/2016 3:04:53 PM
Post# of 1674
Looks like the clueless morons commenting elsewhere haven't been watching the action on the other stock that was at a .0001 ask at the open and has now traded 490M today - went to .0003 and currently has a 363M bid at .0001.
All that just happened on REDG is that someone deliberately shorted it for 10K at .00001 (to give the illusion of a 90% down figure) almost immediately followed by somebody doing the reverse and hitting the ask at .0001 for 10K.
In between, the usual suspects made the same tired comments about "death spirals" [well it can't actually spiral any lower], "R/S" [which they can't do until they pay to get reports up to date and current] and "has it ceased trading' [no it hasn't - as evidenced by the latest slap on the ask].
All that just happened on REDG is that someone deliberately shorted it for 10K at .00001 (to give the illusion of a 90% down figure) almost immediately followed by somebody doing the reverse and hitting the ask at .0001 for 10K.
In between, the usual suspects made the same tired comments about "death spirals" [well it can't actually spiral any lower], "R/S" [which they can't do until they pay to get reports up to date and current] and "has it ceased trading' [no it hasn't - as evidenced by the latest slap on the ask].
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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