Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion

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#msg2307404
In 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?

Most flippers will want your head now, since without the large 0.00079999 wall there's no guaranteed maximum flipping profit! Grin