In trying to understand VERT, their role, and the
Post# of 706
In trying to understand VERT, their role, and the future of WRIT, I came upon this. Sounds somewhat familiar even though this posting came from another stock quite some time age. Unfortnuately VERT has been the demise of many stocks. I am just trying to determine WRIT's role in this whole thing. Realistically, no one knows but the company how many shares VERT has.. Here's a little something I found:
I'm almost certain of it. The company has been behind the O/S increase, and then they provide those shares to VERT for a predetermined price. When a company does this the face behind VERT owns shares for a very low price and they use them to make their money back with a huge gain.
hypothetically the investor behind VERT could have received 500 million shares when the price was still at 0.01 months ago for a price of $500,000. The value of those shares at a penny would be 5 million but they get it for $500,000. Then they dilute 100 million or so from a penny down to 0.002 with an average near 0.003 where the heavy bounce volume comes in. Now they already have recouped $300,000 instantly and have 400 mil more shares to get back the remaining $200,000 and beyond. Then they hire a bashing and promo staff to facilitate the trading spikes.
Another stock being diluted. Lost 80% of its value before a r/s. Then from 0.27 to 0.01 today with VERT at the ask and lowering the ask (at least this past few days). Will monitor VERT to see if there continue to be at the ask...
I guess that would explain VERT on the ask on level2 as I understand them to be a market maker for distressed companies