how are you guys so sure this is manipulation?, page-17

it is probably a sell down by those who will participate in the capital raising

the price has probably been set, as I posted last week or so, when i said there was a huge buyer at $2.30

once the market knows the issue price, probably around $2.15 to $2.25, then the share price will bounce again

a wonderful example is WGO

WGO was $1.85 then was sold down to $1 and then bounced to $1.30

shares were issued at $1.20 or 30 cents (after share split)

i was a buyer of 31,000 yesterday at 32.5, first in after the announcement

WGODA share price today is 40 cents, so 20% gain in one day

BTW...ELMers

WGO is in Congo with ELM

targeting 1 - 2 billions, all high grade hematite (not mostly magnetite like SDL)

market cap less cash is only $70m

get on board