RE:RE:A note about share price... Today versus awhile ago...Classic day flippers tactic at play...Made easier given the 6 month hold of trading....
Short sell on first day of trading, along with selling all shares you own to flood the market and the price drops, stop losses are triggered along the way, and you cover without needing to declare your shorts...
An illustration... Lets say you owned 20k shares post consolidation (400k pre) and you bought at .035 pre (this would have been easy).. Book cost is $14k.
If you sold 'on the drop' at open after halt...lets say at 0.55 ... You get $11k in the bank, and a $3k loss....but...if you did the above, and took your $11k and bought EHT now at .25, you could now own 44k shares instead of 20k... All for taking a superficial loss of $3k which you can't claim... But your upside is now increased by 120%...
As I say...classic strategy...but most won't trigger the loss and rebuy
By the time is all said and done....a day trader on EHT could now be holding 3 to 4 times the number of shares they did the day it started trading again - and can keep the price floating up and down a dime - and given they usually target 2-4% ownership (as well as pre-consolidation activity)... Well....they're playing with a couple million shares for the group playing the stock.
This is my opinion...based on everything I've seen on this stock, and the 'bragging' by the BB posters last year as they flipped a couple milion shares for a penny and a half
stormnp wrote: I agree with what you said. I just don;t get who can still flip to make profit at this low price. It puzzles me unless they are taking a loss. It dosen't seem there is a bottom. I knew aleady when the consolidation happened, the SP has more room to drop. However, I just didn;t anticipate it would drop this much. I once wote an email to the company to ask about the irregular large amount of asks at low prices, considering the small amount of outstanding shares at float. They didn;t get back to me. However, it seems the answer was embedded in the PR. The company executives didn not sell their shares.