Post by
SUEME on May 19, 2020 3:21pm
Manipulation 101
It's not unusual to see financing activities squeeze the life out of junior cap. Likely, it goes as follows. Company does a financing at a huge discount to current market, company also issues warants favourable to the financing company. In turn, the financing company intiates a naked short selling strategy to recover their financing cost. Panic sets in from small investors an the grass fire takes off. I suspect they will drive this into the teens. And yes, this practice is unethical, but legal given the current securities law.
Comment by
Timely64 on May 19, 2020 3:55pm
Are you anticipating a RSS and if so by what multiplier
Comment by
Timely64 on May 19, 2020 4:28pm
Very typical of stocks like this to get the sp higher to get listed on NASDEQ