BlogShares aggravation

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Ok, over the last few weeks, I have had 5 blogs go LBO on me. All of them had major stock splits and reverse stock splits happen just before. The current instance is of A Journey of Faith and Life whose owner in the span of 11 minutes did 6 splits and 4 reverses starting at 13:36 server time. In More I show the most recent price alterations. The LBO happened at 13:37. I am not sure if this is a code bug, or simply people screwing over the system, but at the beginning of this I had 18000 shares @ 1.58, at the end I had 100 shares @ .01. I would suggest a select group of users have found a way to mess with price by doing a certain order or number of transactions, meant to lower the price to a reasonable one at which to do an LBO. 5 blogs, all of them multi hundred dollar before the play, all worthless after. Hardly fair.

Date Price
14:34 12 Jul 2003 $ 1.87
14:18 12 Jul 2003 $ 0.93
13:38 12 Jul 2003 $ 0.47
13:37 12 Jul 2003 $ 0.01
13:34 12 Jul 2003 $ 0.04
13:33 12 Jul 2003 $296.60
13:32 12 Jul 2003 $295.90
13:32 12 Jul 2003 $295.90
13:30 12 Jul 2003 $295.90
13:30 12 Jul 2003 $591.81

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This page contains a single entry by Medros published on July 12, 2003 1:03 PM.

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