The shenanigans in the stock trading continue for
Post# of 11899
The shenanigans in the stock trading continue for RFMK.
20130416|RFMK|11731237|0|18632812|O
The shorting for the day was greater than the normal volume but when considering the t-trade which printed afterhours the ratio falls just under the 50% level. Yet some are still out spinning that somehow each tick of meaningless volume in the trading is hanging the fate of the long term performance of the stock in the balance. Quite amusing.
Hint: when ~20M "shares" are "traded" in a PK stock on any given day, the PPS is MEANINGLESS, it means NOTHING, especially in a stock with nearly 2B shares outstanding.
1% of the shares trading up or down a single tick when the stock is just a few ticks above par value only informs us of one thing. There are practically no active traders in the stock and long term investors are either non-existent, not buying and/or not selling, just patiently waiting holding shares or on the sidelines waiting. The MM's excuse is to "provide liquidity" but I suspect they have ants in their pants and need to settle down and sit on their hands, be patient and wait for real company news and/or accomplishments to warrant future stock volatility. These games get old, ehh?
Mr Allinder, where is the 10K??!!!!!!!!!!
Shareholders have been waiting for an audited 10K since mid August 2012 and have been without any news or shareholder updates for over a month now.
The only development we know of in over a month period is that the O/S was recently maxed out. Me thinks the CEO has much to answer for. All the promises of the future and "big news coming soon" on twitter seems to have been just a lot of hot air. Just my opinions.
GLTA
$RFMK