The liars elsewhere are working overtime. They fab
Post# of 72440
There is absolutely no evidence whatsoever that Aruda sold. There is even less evidence that Aruda sold to pay a tax bill. There is no evidence whatsoever that the investors from the private placement sold their shares; in fact, those investors would have to be morons to do so, since they would be taking a huge loss. How can anyone think that this would be the case?
What the evidence DOES show is that there are trades for the same number of shares that crossed either at the exact same price, or for a 0.0001 price difference. For most of the trades, that would be less than the cost of a retail commission -- and I mean the Schwab 4.95 commission. I subscribe to AlanC's theory that many of these are phony trades back and forth between a market maker and itself, or another that is complicit, to try to make it appear that it was a high volume sell-off day and paint the chart. I do think that there was a significant amount of short covering, but I also think that some new shorts were opened. It would not surprise me one bit if Feuerstein were to unleash another tweetstorm, or a bashing "blog" magically appeared on SA.
Which is why I intend to put in bids at absurdly low prices tomorrow, to take even more stock out of the weak hands or, as is more probable, to let them create more naked short positions which will eventually totally blow up in their faces.
The absurdity of the posts over there is extreme even by lieHUB standards.