Just an idea. Suppose an opportunist bought 50 million @ .027 sensing this was the bottom as it is way below asset backing. This would cost $1.35 million.
Now when the share price started to recover slightly he or she started to push the share price along when there were relatively few sellers and managed to get it up to 4 cents by purchasing a further 50 million shares at an average between .027 and .04 of say .035 at a cost of $1.75 million.
With this rapid rise to .04 the market thinks something is going on or someone is in the know and so a lot of buyers start appearing and our opportunist manages to offload 100 million shares over a few days, say at an average of .038 which realises $3.8 million.
On my calculation that's $700,000 profit.
I think that's called market manipulation but since no news has been forthcoming re the recent rise maybe something else is at play.
As I said - just an idea.
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Just an idea. Suppose an opportunist bought 50 million @ .027...
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