I have seen this on several occasions. My theory
Post# of 9122
1) to supplement covering of their short positions.
2) to collect shares for ammo in their ongoing manipulative strategy.
3) to increase the number of shares they hold even as they engage in the above exercises.
I emphasize supplement because I believe they makeup the shortfall in covering their short positions by selling the shares they collected between their accounts.
I believe their ultimate goal is to either kill the company or make it so difficult such that (they hope) the Company is forced to do a deal for pennies on the dollar. They KNOW the Company is worth much more and the best outcome for them is to pick up its assets on the cheap. The second best outcome is to hold as many shares as possible so if their efforts fail, they still collect a huge paycheck.
The ONLY way I think the Company will be able to break the manipulation (for the most part) is to make HUGE sums of money. You've often expressed your concern over not releasing financials. I'm against it because I think it would be a pointless exercise unless the Company was making HUGE sums of money. You say you are purchasing shares because you feel that the stock is undervalued -- the longs here feel the same way. The stock is WAY UNDERVALUED.