Definately seems contrived ie. influencing SP
Again, today RBC Capital steps in, in the early am and buys 100,000 shares @ .115. They also bought last evening 100,000 shares @ .11 even though bids just prior were a penny lower. The whole thing feels orchestrated to me....most likely to keep the SP slightly above .10 cents so the rights offering to Canadian shareholders can mover forward (ie. additional shares @.10 cents a share). Yiiks!!! is this legal?? Interesting that the share offering isn't being extended to US holders of Hanwei shares. I doubt the US would allow what is going on right now. For my part, I'm the loser because I paid around .27 a share. This stock will NOTgo higher until the rights oftering of additonal Hanwei shares at .10 is complete.