Laurion Mineral Exploration Inc. V.LME

Market destoyer

[DAM$]

Further to my Tier 2 info, here is a perfect example of our Market Maker screwing the price. Although they accounted for a majority of the trades yesterday they dropped the price instead of increasing it.
Starting at 2:50 they dropped the price to buy 100 shares and continued to buy small amounts every 10 minutes and dropped it again with 29 seconds to go on the day.
They could have just as easily bought at the market keeping the price at 1.03 or better yet bought it up to 1.04. Unfortunately there are still a lot of weak hands willing to sell at low prices.
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[ilovexau]

Dont blame the market maker, if in fact it is them playing this game. Remember they are working for the BoD so any move the MM is making is likely at the behest of management.  Why would they want to keep the price down?  no real idea, but..... if I was looking for a conspiracy theory and a nefarious reason then I would say that given the current non cash compensation of the BoD's

[TraderRC]

Thanks for all the posts, some interesting comments. Something came to my mind with reading the pists on keeping share price down. Would it be possible that management would be looking to take the company private and they would offer a buyout price based on say last 30 days or 60 days of stock price closing. I am a small time trader not sure what would be involved with taking a company private

[Wmaver]

It would be of no benefit for them to spend their own money to take it private. Prove and sell has been the motto since as long as I have been reading ( lol only 2 years...) Now a private company could do the buying. That is feasible. But they want someone to buy their shares off them just like we all do!

[matlas]

On the contrary Wmaver, there would be a benefit because they could then sell the private company at a huge profit and get an extra level of profit from the 19% they bought cheap, However, not something I would worry about. I think there are provisions in the OBCA that would preclude squeezing the minority out without paying them a price that would reflect the true value. In addition, I don'