I have been thinking about it, and I want to expand on a post I made on another thread here. The 100 share trades mostly do not appear to affect the bid or ask price. That, together with the very small actual tradeable float here (3 million shares, plus or minus) and the slightly irregular 100 share trade frequency based upon my analysis of the trade frequency, leads me to believe that these trades are indeed to increase volume and scare longs by alleged non stop selling pressure. This is accomplished by trading back and forth 100 share trades when there are no open market orders awaiting execution between the bid and the ask. That is, in the moments there are no open market orders (which would ruin the strategy), there is a trade executed by super fast computers at the bid price. From what I read on this board, this scare tactic works. I would ignore the 100 share trades unless and until it appears clear they actually affect the pending bid ask available. Just my 2 cents.
You said the 100 shares are not appearing to effect the bid price but from what I am seeing, it is effecting it. I see the bids on Level II being reduced by the 100 share lots over and over as buyers step in, the seller keeps eating their shares 100 at a time.
Sorry I meant to reply to the original poster of this thread that his proposition of conspiracy among the board and CEO is illegal.
Painting the tape is also illegal with those 1 cent spread 100 share trades, but those Asian boiler room operators are impossible to track down. Investors just have to out last them. The unfortunate thing is many shareholders would be too fearful to hold during the down draft and handed their shares to them before all is done.
well uncle i happen to agree with you...BUT you or I cannot do anything more than what we think is best..i did dump all my shares yesterday....but the way its trading...may or may not be manipulation..but I cannot deny the fact...someone is still selling..