OTCPK:MEDVF - Post by User
Post by
Sarb99on Aug 04, 2020 4:46pm
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Post# 31363663
Anonymous trying extremely hard to keep price around $0.20
Anonymous trying extremely hard to keep price around $0.20There can be couple of reason, why anonymous want to keep it close to $.20.
1st as company announced private placement for 15 million shares at $.20 and it suppose to be completed on July 15th. It was never announced as completed. About same time Anonymous drove price to about $0.08. So, we all thought, they maybe driving price down below $0.10 to renegotiate private placement at $0.10, same as first private placement. So, it is possible they want to keep price around $0.20 to compete private placement at $0.20
2nd reason could be as if you see trading data from March to July, Anonymous sold lot of share and their average selling price is about $0.31, so they want to keep the price low, hoping people get tired of relentless selling and start selling, so they can cover their short without losing any money. It seems they are working with 2-3 different brokerage account, selling as Anonymous and buying with RBC/TD/Canaccord/Raymond James brokerage account at cheaper price. Otherwise it does not make any sense.
3rd they might have some problem with management.
Otherwise it does not make any sense that we are still trading at $0.21 after all these positive updates. I am not 100% but these few things come to mind when we see trading data and try to understand the reason. Anonymous or QuestCap Management probably know more….