Hey Amiga. IMO a tree shake is a high volume dump into the sell side which then instills fear in smaller investors to sell their shares all while that same person is mopping up his own shares and other peoples at a lower price.
More than likely its just large investors or a broker just putting their buy order in daily. I always do the same.
Scenario: i place a buy order 1 million shares at 0.004
Order doesnt get filled so i leave the order there for the next day.
Next day : for whatever reason my share platform is down and cant get into my portfolio and theres a bad announcement.
OR i dont get notified of an announcement containing bad results and it lowers the SP to 0.003.
My order would go through at 0.004 all because i left it there and that would be a terrible investment
Also its good for companies to have some prospects as a backup incase 1 is a dud. We may find Manindi isnt economically feasible (although i doubt it)and we would be back to square 1.
I agree MLS has a bit many. But from the surface they all look fairly good. 2 mil cash should see us through for quite a while.
