....maybe have a look at my previous posts...it is strategic tree shaking...very easy with a stock with low trading volumes where only 12% are not held by top 30 investors...
...so these main shareholders, like FIL will sell/short selling say 100,000 of shares...the stock goes down 20% and then they buy say 200,000 at a much lower price than they sold...this goes on until they have accumulated an X amount of stock... at a much lower aggregated cost price, than before....
...main objective is to force impatient retail investors to sell... and if you look at the last 2 years...worked like bomb....especially the algos between 16 & 45 cents last year....
...company will soon be taken private via a buy out/trade sale if you ask me.... so the more they can accumulate now, the better.... probably last round now after 2 years of silly games...
...my two cents...
....maybe have a look at my previous posts...it is strategic...
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