RE:RE:RE:RE:RE:RE:CIBC...cronic1980 wrote: What is the purpose here? Just to pick up a few shares more cheaply from weak hands?
so in essence they are trying to acquire more shares as they assume the future is bright?
Yes, that is the purpose, to drive the stock price down so they can acquire as many shares as possible for as cheaply as possible from a company with a bright future. If they can drive it down below $0.25, knowing it will double, triple, or quadruple in a year, than why not? Obviously they're scamming people out of their shares, but its not illegal and they're in it to make money, and lots of it.
Here's how I see it: I can't beat them, so I will join them. They drive the price down, so I will also buy it cheap. I have time and will double or triple my money when they do. Hopefully we'll see $1.00 in a year or sooner if some big contract comes along, but until we do I'll keep nibbling at these levels.