Could Guaranty's dumping of 8m shares at 2.9c during the first day of the big jump in price following the Alki loan be a collusion to keep the price down for a cheaper takeover? since they are "all in LA and all talk to one another". There seems to be little logic for such a large holder to dump just a small portion of their holding at such a low price following a significant and needed financial injection.
Maybe they underestimated the interest and trade volume for the holiday period and the ploy had limited effect if any.
I'd be keen to see if they announce further changes to holding in the coming days..
QFX Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
