GREY:ICOTF - Post by User
Post by
DrHolidayon Jul 10, 2018 11:40am
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Post# 28293255
NO SALE!
NO SALE!When the market makers start moving the stock up after having accumulated a sizeable position, then the games being played will have to stop. Bullish brokers and buyside analysts will publish recommendations with specific targets.
Manipulation by high frequency traders and shorty will change from sell orders to buys to throw long and cover out of fear of being burned alive on a stock halt and gap up much higher pending great news. The game of manipulation could be by a company trying to buy as much stock as possible as low as possible prior to launching a hostile takeover bid. This strategy is unlikely to succeed as there are a number of potential players and white knights that would be willing to either partner or make a friendly offer that would be acceptable to shareholders of ICO.
For this reason, ICO needs to adopt a PPP poison pill provision to fend off any hostility, and only recommend tendering of shares to any suitor if their offer will be strong.
The best course of action would be for the company to partner with a major pharmaceutical company, so that shareholders can reap the fruits rather than selling out too early for a pittance.
DOC.