GREY:SIXWF - Post by User
Comment by
throwaway11on Sep 22, 2022 6:15pm
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Post# 34980378
RE:RE:Going to be hard to buy up your $ 600,000 when
RE:RE:Going to be hard to buy up your $ 600,000 whenNo it's by % of the float because derivatives only represent potential ownership, not ownership and your ownership is proportional.
I agree there are signs that could suggest the stock is being manipulated and I have been watching these for over a year now, including targeted blocks of sales when the range of bids is thin, and massive sell walls being put up when the trading volume was low during mornings and then sometimes being pulled before midday trading.
At first we attributed the anonymous selling to an owner of 0.065 shares that were carried over from the company that took SIXW public. The balance of shareholders had shares from, I think the mid teens or so, all the way up to almost the IPO price.
It's fair to adress the SP loss as being the result of institutions taking on too much in leverage, speculating poorly and having to sell positions to cover and then to balance or reposition. But over the past year or so I have invested a fair bit of time into learning more about the Canadian microcap markets. There is an immense amount of unscrupulous activity that goes on in Canada, to the point that it's wise suspect pretty much any given stock is a complete scam until you can absolutely determine it isn't beyond all reasonable doubt.
The tech is good, I understand it very well and I could believe that for various reasons someone has been trying to, or is actively continuing to surpress the price on purpose.