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Originally Posted by KentalCowtipper
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Yeah Stealin.. 100 mllion shares traded yesterday.
40 million dollars worth of shares traded so far this week.
Do you think this is some fly by night scam? I've seen penny stock scams but I have yet to see one where Wall-Street en mass hopped all over it like white on rice.
I've seen 3 and 4 million block purchases here at .20 + a share - thats 600k-800k. No one invests that magnitude in a penny stock scam. Its either institutions or fund managers.
The buying pressure and the price rise tells the story. Also if you invest too man check out the Lev2 bids/asks and how they're stacked.
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Which is why the institutional ownership of this stock is 0%? Do you know how to read financial reports? I'd suggest taking a look at their financials, it's not pretty. I'd also suggest you cash out with your big payday now. The stock can't go all that high, considering that even if this ends up being the cure for cancer, they'll have to issue a buttload of new shares to raise the capital necessary to cash in on their discovery.