Looks like someone is manipulating the market again, with over 100k shares bidding at 0.00079 and twice the amount asking at 0.00080 -- wonder who it is?
Some might call it pumping, others might call it a pre-announced share buy-back. But to save everyone some back and forth, read this:
https://bitcointalk.org/index.php?topic=158806.msg2307404#msg2307404In short: this was not unexpected.
Come on. How many companies can you name that IPO, do not even sell 5% of their shares and then "buy them back at 60% higher than their offering price?
Yes, I know the offering is illegal so the point may be lost on you BUT, you do know it is AGAINST the law for any broker listing on a prospectus or for the issuing company's treasury to buy back primary or secondary offering shares at ANY price above the issue price?
Sorry -- I was trying to be as impartial as possible. I have already stated my opinion of this offering, in great detail, and felt that it was not useful to repeat it at this time.