TSXV:MRS.H - Post by User
Post by
allibabbaon Jun 14, 2021 1:22pm
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Post# 33382272
I have suspected
I have suspectedFor quite some time now that PI has been acting as the market maker for this stock, whether it was official or not they controlled the price. I am guessing that they were likely a large purchaser of the last financing and had a large amount of warrants. Once buck got on the scene and let the warrants expire worthless instead of extending them, PI made it their personal mission to keep the stock depressed as an F-u to the company for making them lose their warrants. There were 10 million of them which means the holders had at least 10 million shares. Couple that with fired employees which I believe are selling as anonymous and you have tremendous and coordinated down pressure on the stock. Hopefully a market maker can turn the tides. Here's hoping!