No.
There is an agenda at play - and that is GG wants all the pie.
Especially the easiest to grab - retail holders.
I'd suggest it is a hostile takeover.
It's loud and aggressive.
I saw todays play in another stock - aggressive buying to pump it up ($1.20 today), stop, and slowly sink the price, which is happening right now (currently 3c down on the day from 11c UP!)
There will be another aggressive buy / pump and when that happens, a few more retail will happily take the new high that is set during that.
Creating uncertainty makes a hostile takeover easier.
If SI and other top 20 holders are against a takeover, they need to make it known as GG is setting the rules of the game right now.
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Open | High | Low | Value | Volume |
$1.07 | $1.07 | $1.01 | $13.19M | 12.81M |
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No. | Vol. | Price($) |
---|---|---|
3 | 61090 | $1.02 |
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1 | 700 | 1.010 |
9 | 123952 | 1.005 |
34 | 516697 | 1.000 |
1 | 25000 | 0.995 |
Price($) | Vol. | No. |
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1.035 | 54000 | 2 |
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