The drop in sp happened when m&g started the large sell off and shorting with the 4 funds at the same time.
That is a fact.
The reason for the selloff is open to interpretation.
If people want to do something they will come up with any excuse as long as it leads towards the result they want.
M&g could have sold the shares for more to an investor.Probably one organised by the company.
That is not the end result they wanted.
So like all bullies that want to show everyone they can do what they want they made up an excuse, blamed someone else and did what they wanted to do.
If you think they couldn't hide the last 12 million shares and use them to keep the pressure on then you don't have much react for the power these funds hold.
I'm sure you do though so keep pretending I'm not right.
Anyway we will see when they run out of those shares.
Hopefully the shorts will have to cover (one day).
If they don't ever cover does that prove more manipulation or is it the companies fault also.
I don't think there is anywhere near enough brokers shares left to cover the shorts.
So we wait.
CDU Price at posting:
$1.32 Sentiment: Hold Disclosure: Held
