Ann: Trading Halt, page-214

Not at all:

Rinse and Repeat

1. the broker scares the pants off the CEO by alluding to the "present economic climate" where it is "difficult to raise capital",
firm in the knowledge that he has successfully scared the pants off the CEO twice before

Then the broker pitches his "magnanimous" offer, which is a complete farce as he knows that number of shares could never be acquired through open market operations at that price and that the company is grossly undervalued (due to the broker's previous efforts which are the subject of the next paragraph).

2. After acquiring a large number of shares at a discount (and having flogged a lot at high prices, knowing he is going to be issued more) he doesn't buy on the depressed market - he sells and depresses the SP below the CR price to make the next CR more difficult, and in tandem his mates at the Motley Knave at worst spread fear uncertainty and doubt or at best ignore the share.

3. Go back to 1.

However it may be that Matt has jumped off the merry-go-round with only a few bruises.