i think the implication is they are selling to themselves and accumulating their own shares plus the weak hands
This is an illegal activity if true
For example, you add multiple trades of 3-5 millions shares on the sell side on a weak day with your CMC account, weak hands add another 2-3 million on the sell side as they basically trade using buy and sell depth and panic when they see so many shares for sale
You then line wipe the 1.8 line buying 5-8 millions shares, with your etrade account, net result you have accumulated 2-3 million more shares than you had before, and which would otherwise have cost you more had you bought into the sell depth and spiked the share price and created FOMO which is not in your interest while still accumulating
At the same time you have with your etrade account 2-3 million shares buy at 1.7c incase the spooked weak hands dump into your 1.7 instead of adding to 1.8
You play both sides and accumulate, accumulate
Hope that made sense
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