ECT 0.00% 0.3¢ environmental clean technologies limited.

big volumes pre 3b. now nothing. why?

  1. 94 Posts.
    I'll tell you why!!
    To get the VWAP lower so the Con Note Holder has a lower conversion price!!!!!
    I can't believe no-one here sees this.
    We were screwed by the Con Note Holder and his broker or associate.

    Why was there large volumes in the days leading up to the conversion with little or no price movement(except slowly down) increasing volume at a lower price and therefore artifically lowering the VWAP and thus conversion price.

    You only need a few million shares, load up the sell side with dummy sells and just keep selling and buying to and from yourself, job done.

    Now the JOB is done, no more selling, just sit back and let normal market forces move the price back to where it should be and you make 30% plus any movement in share price.

    In the meantime all us loyal longterm shareholders are diluted more than we need be again.(As I realise dilution is the inevitable result of the conversion)

    I've seen it done before and am only posting this to hopefully deter the same conduct in future.


    CREDIT(Son of Credit Crises)
 
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