C'mon king6, we all know about the buying. Only the sellers and short sellers know who they are. Nobody without some sort of negative inside information or knowledge of the business would be selling in this positive environment, especially at such a low price. I attribute most of the selling to MMs, possibly loading up on the short side, looking to run the price.
I'm with you, gotta. I don't believe all the new hires would disrupt their careers on some sort of a scam to manipulate price. I believe they feel the company has or soon will have a marketable product.
On a level playing field, MMs can naked short if they reasonably expect to cover within two or three weeks. This does not appear to be happening. Anybody else wanting to play the short game must have the cover stock on account. As PB3 speculates, system integrity is being abused. One must question if those accumulating stock are providing the MMs potential short covering in the event of an audit. But this can only happen if insider short sales need not be made public as the actual insider sale. IOW, the apparent purchase of shares might simply be an illusion. That's too scary to contemplate. Anybody here know the relevant regulations?
It's good to see a few more interested investors on this board. I still lurk but have to dig out any rational comments because studio pastes ghost comments (on ignore) which fill entire days of posts. I mostly lost interest when the company sold StreetLinks which, but for the Corvisa expenditures, might have provided a modicum of profit...and a bit of a goose to the stock price. With no shareholder input, however, Anderson decided to go "all in" on the cloud.
Another thought on naked shorting is a possible MM position for the coming run-up on the share price. I'm not sure the company yet has a large enough following to make such a run.