TaxdemiccoI think your accusation on Naked Shorting is total gibberish and gabbage. It doesn't make sense!!
When the share price went up above 40 cents, management had the chance of raising money at that price but they failed to do it likely because they thought they would cash in on the warrants!!!
The recent market turmoil in the junior space is not restricted to LFD. Many junior stocks have all gone down by more than 50% over the past few months. LFD has proven nothing and is pure speculation!! So the share price can swing to any direction easily depending on market sentiments and other unforseen forces.
I am more inclined to think that because of the massive nature of the dilution in the PP, the regulator received complaint and started to raise questions with the coompany! I know that there is a requirement for shareholder voting for any PP that would result in more than 20% dilution to existing holders. The 60 million shares would had resulted in more than 40% dilution which simply sucks and contributed to the massacre in share price!!!!!!!!!!!!!!
The prime culprit to blame is management and nobody else. They are more focussed on VST thereby dragging their fit on LFD.