GREY:MAAFF - Post by User
Post by
longsidebeton Apr 03, 2009 2:08pm
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Post# 15894934
Share Price
Share PriceCredit Suisse is keeping a wall at the ASK Price and hits any Offer Price in 500 share increments on time every time. With almost 300 million shares outstanding there's lots of amo. A couple thoughts, 1) just using a computer program to short, thinking this puppy can't move without news of a financing, and in this credit crisis good luck with that. 2) they have been engaged or are involved with or have the knowledge of an impending stock offering. I think it's the later as it would be real gutsy to be shorting this aggressively a 30 cent stock that has massive upside. BOTTOM LINE: I smell a financing in the works and they are trying to keep the issue price low as the price is usually an average of the previous period closing prices.