Lynx Global Digital Finance Corp CNONF

RE:RE:RE:RE:Is this a real company or a house of cards?

[SwingTrader149]

I have to disagree with your comment here - it costs money to "march" a price up with this much volume. What are they averaging now 100k shares a day? That's roughly $150K + trading commissions everyday worth of stock being traded. 

Sure the underwriters are probably making money - but they will have lock ups on their stock (usually 3 months) and underwriters ALWAYS make money on Ipos - whether its facebook or some promoted penny stock. They will short the stock right out of the gate because they know they will have the shares to cover if it rips, and if it goes down they still make money on the short. But they should make money - they are taking risk just like anyone here, it just seems unfair because we don't have the same opportunities (I hate underwriter's as well).

I am still not sure what is going on here - but one thing is for sure, there is growing volume and activity on the symbol. Either way there could be an opportunity for short term profit and if there tech is the real deal then we will see it in the press releases. Either they have partnerships or they begin blowing fluff pieces out. 

But I am fairly confident no one is marching this thing up at 100k shares a day and making any money worth that risk. 

Also remember insiders will have their shares locked up too - right now this float is tight, and no one is selling which is why it keeps going up. It could be one large seller that takes it down to more realistic levels. But by that time we will know more about the company.

Love to hear your thoughts.