Assuming there is manipulation. scenario 1: you are allowed to sell but not to purchase = will take the price down. based on this scenario, the price should keep coming down. Those who want to sell - will keep selling till the price at its lowest.
scenario 2: you are allowed to purchase but not higher than 0.63 cents = this then keeps the price within 0.63 cents or lower.
From the 2 scenarios there, those who want to sell obviously have sold - we have not seen big shareholders selling down apart from T.Rowe ages ago.
Forget about all grades, etc, Therefore, if there is no big shareholders (who should know better about grades, etc from insiders info) exiting or ZhaoJin exiting, i can not think why this stock could go lower? if ZhaoJin is planning on exiting then why bother keep extending the offer?
Just for all to think .. hopefully those who hold till the end will be highly rewarded.
TIE Price at posting:
61.0¢ Sentiment: None Disclosure: Held
