Yes REY should be flying particularly considering its resources that a number of parties are chasing.
Instead, the share price is being significantly held back the past weeks by sells that just dont make sense. For instance, the share price opened this morning at 19.5 cents, which was followed by a large and illogical sell of 243,000 shares at 18.5 cents from one seller. Why would someone do this when they could get more? Particularly, when in any case there is already a T/O offer of 19.5 cents
This situation has been a daily occurrence for some time now and without doubt designed to depress the share price. So, clearly something is afoot and the only people who would be the winners in doing this would be parties associated with the two Companies now trying to take over REY.
The share price started to be spooked when out of the blue 38,390 shares at 20.5 cents from 1 seller quickly went to 1,389,970 29 shares at 20.5 from 29 sellers. Now whats interesting is that a breakdown of these supposed fair dinkum sellers (I dont think so). Shows the following:
1 seller for 38,390 Shares
8 sellers each selling exactly 50,270 Shares
2 sellers each selling exactly 24,971 Shares
18 sellers each selling exactly 49,971 Shares
From where I sit all this manipulation is clearly designed to bring REYs share price below the T/O offer. In the absence of this I believe REYs share price would be well north of the 28.5 cents reached last October.
Is this disgraceful manipulation legal? Does anyone know who is behind this or seller spooking the shares? Who is the broker handling this manipulation? Can we do anything about this disgraceful situation?
Yes REY should be flying particularly considering its resources...
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