There's nothing wrong with shorting a stock. What's actually evil is a company telling lies in official stock market announcements about revenue or purchase orders. Or printing shares for Board members, to reward Board 'performance' -- based on these fake revenue announcements. Or lying about the progress and intent of NMPA applications. Or lying about delisting. Or manipulating the SP by buying its own shares. Basically, Yacov's CV. Meanwhile, the pump squad on Nasdaq, with no clue or interest in the company's fundamentals, is excited about an SP that's hovering at 1 Australian cent, because it *might* get to 1.5 Australian cents. The holy grail is 1/5 of what they IPO'ed at, only 12 months ago. Yacov has finally found a way to set the bar so low, even he might achieve it. Temporarily. Yet even with 60M shares traded in one day, the SP couldn't get close to US$1. There's a limit to how much even a dedicated pump and dump squad can achieve. So are they at 30 business days below $1 yet? When does Yacov's charade end?
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held
