Down 9% on a sell into the bid at 3:59
in response to
by
posted on
Nov 30, 2011 04:58PM
Some one appears to working hard to drive/keep the share price of this stock down.
I was thinking that if one has two different accounts both holding any thinly traded stock, it would be possible for one person to buy and sell to themsleves to establish the share price. With a penny stock like this it takes only a few bucks to create maasive changes in market cap as evidenced today.
But if no one else is interested I suppose that is the market at work... sort of
I question the ethics but am just not certain if it is legal. (Is there really such a thing as business ethics?)
Any thouhts on this from those out there with greater experience?
Also recall that the company was going to buy back some stock from the market a while back. Did that ever happen?
Thanks in advance for any light shed