NBS 0.00% 9.9¢ nationwide building society.

china is the key - more bad news to come?, page-12

  1. 9,544 Posts.
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    Barnsty revealed some concerns about churning the stock i.e. same person(s) buying/selling shares to create false impression of high volume on the stocks. I discounted that too acquisition of shares by Orbis. Now I feel that it could have been churning.

    I also suspect somebody very close to the company posting on HC. I took the posts with a pinch of salt, for what the info was worth. But it all looks very carefully crafted, constructed and contrived.

    Somebody was asking about why Young or Dykes were buying shares if they knew the company was dud. There could be a very simple explanation for that. They might be selling shares at the same time through related entities which were not being reported as director sales.

    No reductions in substantial shareholdings also looks sus to me now. I suspect but cannot prove that one or more substantial shareholders have been lazy in filing their form 604.
 
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