posted on
Oct 05, 2014 11:32AM
It has to be insiders and people close to them selling. We never saw volume like this pre split and it was trading thousands of percent higher. You can spin this how you like but its never a good thing when people in the know are selling this aggressively at a level significantly below its previous trading range. The trading action exposes the underlying notion that this is just another Quilliam failure in the making. Theres no need to hope for sellers, just like with SFMI, they're not going to stop. Remember, lower prices equate to heavier/faster dilution. When SFMI hit these levels, billions of shares piled up fast. GHDC is supporting the family/friend group now, SFMI is already sucked dry and needs to reverse split again.