RE:Is the market maker strategy not desperate? Be honest Actually, almost every public company has a designated market maker (DMM) assigned by the exchange, and perhaps regular market makers as well. They are 'supposed' to help keep prices stable, but often this power entices some greedy ones to manipulate in ways borderlining on criminal. Remember, 90%+ of financial crimes go undetected anyway.
They are a double edge sword and we need them. Otherwise we'd see insane volatility when large sells come in without large buys ready take the shares. Think of them as buffers or stabilizers. For this service authorities often turn a blind eye since they are often forced to take losses, so if at times they are taking huge profits, its considered a wash and rarely prosecuted or even investigated.
More info if you're interested:
https://www.investopedia.com/terms/d/designated-market-maker-dmm.asp
Moetown1 wrote: Is this not cheating a bit and last resort to hire a firm to make sure a computer robot doesn't "down tick" the last minute. How does Edward even know that's what's happening.
I find it very odd to take this approach and haven't heard of any other companies doing it. I just assume they could be spending their money more wisely elsewhere.