3 Sixty Risk Solutions Ltd SAYFF

Wash trade?

[Mackwise]

It's illegal, but possibly that large transaction could have been a "wash trade". One owns the shares in one account and trades them to another to look like a price increase; an attempt to have others follow. Viola Mcmillan and husband tried this on some mining stock years ago and were caught. This is only a guess to try and rationalize the strange transaction.

[DiamondBoy1]

I was implying that something was fishy. The investment was over 17 million in late October 2018, but the transaction fee was 1 million. Either way their 20 million shares cost 16 or $17 million and the company has over 150,000 shares on the street. It is very strange that the people who funded this company would except such a small position. Catastrophically poor judgement seems unlikely - 16

[Bever73]

Maybe true but what is the point? This Q and the next q will.likely be "o.k." ...but what about after that when these pot co's start Cutting back on expenses and handle their own security or hire a different firm. There are no margins in this industry and the public nature will.just lead to alot of shareholder money paying corporate salaries and expenses cuz the margins will.be paper

[DiamondBoy1]

I agree with you, it doesn't look good for 3 sixty secure

[TomasG]

Keep on stoking those fears u piece of short scum

[DiamondBoy1]

Don't be a rude little bugger Thomas G