I do not agree with the notion that there still re

I do not agree with the notion that there still remain pref share converted common shares getting dumped into the open market right now in RFMK. See my post #3005

http://investorshangout.com/post/view?id=100304

After analyzing the share structure and figures from recent filings I surmised that assuming the conversions of all of the remaining pref shares into common that the O/S could "...could get up to 1.3B.." and as of yesterday the T/A report of the share structure was just a few million under 1.3B. There is also a time restriction on the selling of such converted notes and pref shares so the dumping of them could not just happen immediately. If we assume the filings are accurate and the T/A information is accurate and up to date then the selling we are seeing is not caused by insiders dumping converted shares. It is possible that the company itself could be dumping newly issued shares that will appear on future filings but this can always happen. Unless we see the O/S move up higher and the restricted share count remain the same over the next few weeks then we can assume it is not the company issuing and dumping to raise funds via dilution. The shorting criminal bashers have everyone automatically assuming that anytime we see pressure in the share price on high volume it is either dilution by the company or insiders dumping pref shares or 504's or whatever; it is not necessarily the case.

The fact is, looking at the tape, the low at .0022 was printed on a mere 300k shares today and share prices higher than the opening price made up millions of shares traded today. Look at the tape, a million block or several hundred thousand share blocks are bought at a decent price and then a few minutes later a small block of 65k o 100k shares are printed at the bid or lower to bring the current price down. It is very low volume to make the price move down and very high volume making it go up. There is a lot of bid whacking going on (on low volume), this is part of the shorty manipulation scheme to keep pressure on the share price. The guess that there are still "skeletons" in the RFMK "closet" is total speculation and does not really even hold any weight against the trading figures and short metrics. Look at the daily short sale volume versus total volume over the last week or two of trading and you will see that almost every single day the short sale volume is about half of the total volume which means if these transactions are getting covered on the same day or the next day, (business as usual), then most of the volume every day is just shorting bids pulling down the share price and covering lower, rinse/repeat, very little of the volume is made up from actual normal retail buys and sells. It is clear the MMs and large firms are toying with this stock like a rag doll. To blame the volatility and price pressure on insiders, management or the company (dilution argument) is rather naive and silly.

When you look at the dark side, careful you must be, for the dark side looks back.

$RFMK!