Doesn't anyone here besides me think somebody is j
Post# of 36536
(Total Views: 211)
Posted On: 10/16/2019 6:38:28 PM
Doesn't anyone here besides me think somebody is just playing games here with the pps? I mean if they have the ability to bring us down everyday to $2, then it would seem logical that they could just as easily crash us to $1 or less. I think someone is trying to manipulate the price and some buyers from from this board....the question is why.
I can't think of any reason that these small volume trades happen everyday - if it was accumulation, the volume should be higher and quite frankly, the price might even be lower. If it were somebody trying to queer the $2 closing price "requirement" for the Nas listing, they could just crash it hard in the morning (before the last minute bids at $2), and no one could get it back up to near $2 unless they had endless funds.
This looks like some goofy game some MMs are playing. Maybe it's a bet to see how many times they can get folks to jump in at the last second? I can see Louis and Billy Ray from Trading Places making a one dollar bet about how they can manipulate GNBT's shareholders through fear of falling below $2...I'm probably only one of a couple of folks on this board that even remember that movie. But this is happening WAY too much to be random, and it's not happening enough to be negatively intentional.
Or maybe it's just what Doc said - OTC sucks and lets this crap happen. I can't believe the Nas isn't aware of these types of games in the semi-unregulated OTC, and I sincerely doubt that with all the good things happening with GNBT, they are going to deny access to GNBT (along with the payments GNBT will make to them) because after 85 days or so over $2, some idiot brings the price down to $1.99 (if TC is correct, they still have about 5 days to do that). I know Namtae believes that will happen like a black or white decision, but I suspect the business aspect of relisting GNBT will supersede a requirement that can be clearly shown to have been blatantly manipulated.
I can't think of any reason that these small volume trades happen everyday - if it was accumulation, the volume should be higher and quite frankly, the price might even be lower. If it were somebody trying to queer the $2 closing price "requirement" for the Nas listing, they could just crash it hard in the morning (before the last minute bids at $2), and no one could get it back up to near $2 unless they had endless funds.
This looks like some goofy game some MMs are playing. Maybe it's a bet to see how many times they can get folks to jump in at the last second? I can see Louis and Billy Ray from Trading Places making a one dollar bet about how they can manipulate GNBT's shareholders through fear of falling below $2...I'm probably only one of a couple of folks on this board that even remember that movie. But this is happening WAY too much to be random, and it's not happening enough to be negatively intentional.
Or maybe it's just what Doc said - OTC sucks and lets this crap happen. I can't believe the Nas isn't aware of these types of games in the semi-unregulated OTC, and I sincerely doubt that with all the good things happening with GNBT, they are going to deny access to GNBT (along with the payments GNBT will make to them) because after 85 days or so over $2, some idiot brings the price down to $1.99 (if TC is correct, they still have about 5 days to do that). I know Namtae believes that will happen like a black or white decision, but I suspect the business aspect of relisting GNBT will supersede a requirement that can be clearly shown to have been blatantly manipulated.
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