Post No: 3191 September 29, 2010, 10:04AM
Guest wrote:

Brokerages houses had purchased all the stock for the bot deal (check the news). They had to sell the stock to customers/investors at a pre arranged price (.80). The market makers held the stock at the .80 range until all the stock was sold to investors. When they unloaded all their inventory the stock moved. That's why it did not go up immediately on the news. A lof of things go on behind the scenes when there is a big financing deal like this.

have a great day!

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