Was unusual last year following the WDA acquisition when unlisted options started being converted.
The unlisted options holders were converting them at 3c & they were well in the money. More than 200M were converted prior to the SP being pumped. Another 12M were converted on 24/2/2021 (final conversion) but SP started moving after 16/2/2021 (converted 24M).
They churned through the options throughout Oct/Nov/Dec/Jan/Feb accumulating & selling/recouping cash to keep SP suppressed prior to the run.
When they were finished & most likely held 80-100M (there were a few involved & they held less than 5% each) the SP was pumped via social media & they most likely sold out. Most of the above shares would have been paid for by churning about 120-140M x 1.5c margin.
The initial SP run from 0.5c to 6.2c in mid 2020 was probably also a co-ordinated pump to get the unlisted options in the money.
This time around it's possibly a broker loading up for themselves or clients, taking advantage of weak sentiment/market with the former more likely. Many of them invest in micro & small caps.
And they use HC & social media to manipulate the market. FYI there are brokers, ex-brokers, brokers puppets, sophs, company insiders etc all posting on HC. I have identified quite a few & can name them but will not. Have a list of ticker codes too. Some have red hearts. Majority in mining sector but also quite a few in tech/health sectors. Everything is a mirage.
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