RE:RE:my FAILING dd !!thanks Chucky21.. that is indeed a possibility (and most likely the real reason for that big block on the ask at 0.64).
I am not naive at the fact that there are companies that do use behind the scenes tactics to try and control a shareprice.
However, the practice is illegal in a free market with a publicly traded company.
Company management are not allowed to interfere with or try and control the shareprice of their shares without notifying their shareholders of their plans..eg.. doing a share buyback (which would potentially have an effect on the shareprice).. Before they take any action that may affect the shareprice they must nofify all people who may be affected.
I have often witnessed (as have many) a MM or several MM's together push down a shareprice in order to scare people out if their positions (ie treeshaking) and then watch the sp quickly recover. (I know personally... they got mine more than once)
In such a case it may very well be that there was no input from the company at all... just some greedy MM's at work.
But in a case like this.. IF it actually is company involvement behind the scenes trying to hold down the SP... that is not a good sign about this group !
I hope this manipulation is not from their directive... they ought not to be involved in any such dealings.
But your idea is probably right... what else can it be?
I know we have all seen a shareprice get pushed down over a period of time and then a financing is announced at a much lower price than average over a period... only to see it recover right away after the announcement.
There is a lot of treachery and crookedness in the markets .. so we must ALL be careful ! :-)
gs2