Post by
westcanpride on Oct 13, 2021 11:01am
Gotta love manipulation
Let's just hope Frontera is as good at finding oil as they are at manipulating the share price of penny stocks like CGX. So much for De Alba working in good faith for CGX. He works solely for Frontera and Catalyst, and just moonlights with CGX for easy shares. This recent rights offering is a good example in my mind. Plus, I think its Catalyst Capital doing the manipulation (but since they own a big chunk of Frontera, I use the two interchangeably).
As SheDrills pointed out on stocktwits, massive amounts of shares were shorted a couple weeks ago... hmmm... I wonder why? Calalyst Capital knew 100% that they could push the share price down and make a easy 20-30% profit in less than 1 month with this rights offering. Not illegal, but it should be. These guys knew exactly what is going on (given their direct connection to Frontera and what;s happening on the rig). Now with the share price tanking into the mid $1.40's, its turning into a joke.
At any rate, I bought more shares at these levels. The price will go up again before Kawa-1 TD. In essence, Frontera put a base on the stock at $1.63. They just seem hell bent on getting 100% of all those newly available shares and anyone still holding OYL.RT have pretty worthles rights at the moment.... exactly the way they wanted it.
Just watch... come early November, all those shorts will have been eliminated and the price will magically go up again.... thereby allowing Calalyst Captial to make another easy profit. Rinse and repeat!
Comment by
RightAngle45 on Oct 13, 2021 12:11pm
I agree with your post, and it will be kept below 1.63 until after the 28th of October. They can do anything they want to on this exchange and thats a sad fact.
Comment by
Mat1791 on Oct 13, 2021 1:28pm
Sad? If you believe what you just said then you have an easy 10-15% return? For anyone that was thinking of excercising their right at 1.63, they are on sale now!