There's a way to get around any 'rogue' trading in
Post# of 43064
I get the sneaking impression that about half the JBI supporters posting here read "Flash Boys" without quite understanding the thesis and now are saying to themselves, "Aha! That's why PTOI lost 98% of its value!!" No question market makers and some traders can move a stock around a little...but when the price changes by a factor of fifty, it's very directly the company which is responsible. A trader or market maker changing the price by 50% would be ridiculous...the thought that they could move a company's stock by a factor of 50 times is well beyond ridiculous.
However nefarious trading and "FUD" are the predominant themes here so everyone just has to go with those themes. I've tried to point out that the math doesn't work with PTOI's process and therefore PTOI is fundamentally worthless, but that logic is immediately discounted because it doesn't support the "FUD" theory of company destruction. Since supporters don't know what happened, they're fighting ghosts and looking for new reasons which don't include any possibility that they were defrauded with a fake claim of $10/bbl oil with a market value of WTI-$3/bbl.
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