PINL:GRPOF - Post by User
Post by
SUEMEon May 19, 2020 3:21pm
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Post# 31047655
Manipulation 101
Manipulation 101It's not unusual to see financing activities squeeze the life out of junior cap. Likely, it goes as follows. Company does a financing at a huge discount to current market, company also issues warants favourable to the financing company. In turn, the financing company intiates a naked short selling strategy to recover their financing cost. Panic sets in from small investors an the grass fire takes off. I suspect they will drive this into the teens. And yes, this practice is unethical, but legal given the current securities law.