I was thinking along those lines aswell. Don't think anyone wanting 15k worth of stock has the weight to hold this down. Most likely suspect in my mind is Patersons. Would be interested to know how much stock was purchased by them during the big moves up.
So we have the capper on one side, wanting a lower price, to gain more shares, and directors/T20 on the other wanting minimum dilution and more money for less shares.
And the one sure way to destroy the capper's plan is to release some earth shattering news. I'd say the pressure is on.
NIU Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held