OTCQX:MRVFF - Post by User
Post by
ronzon Feb 03, 2009 11:24am
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Post# 15748140
CIBC still at it!!
CIBC still at it!!I see that CIBC is still at it, trying to pin this stock price down with another 500,000 shares at 14-cents just placed in the last few minutes. This goes hand in hand with the 500,000 shares that they have already placed at 14.5-cents and another 500,000 at 15.5-cents for a total of 3 seperate ask orders and a total of 1.5 million shares up for sale.
If they arn't trying to supress the price then I don't know what is. By placing these asks the buyers will not want to buy in because it appears to be a gigantic wall to go through. The only way to go through that amount of shares is to release incredible news and that is probably 2 months away still as we wait for them to submit theinfo to the FDA as per there schedule. I'm not sure why someone wouldn't hold off at CIBC since the future looks bright later on this year.