MPO molopo energy limited

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  1. 24,386 Posts.
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    There is no two ways about it that, IMO, this stock has been manipulated down.

    Why on earth would the sp of a company be at these low levels when the assets of the company are many multiples of the current MC itself, and without any debts to worry about, is beyond me. If there wasn't a reason behind it all of course.

    Besides, the daily trade/movement of shares is not that great to worry about it, and it creates no cause of concerns either. Obviously there aren't many investors selling out, and they are just churning shares to each other. The only one that could confirm where and to whom the shares ar going to, would be the Company Board itself, or the Company Secretary on their behalf.

    Maybe this is a job for you Noellyn.

    As for the current amount of total and uncovered shares, it still remains at a little more than 1,500,000 shares. As to why these poeple aren't rushing in to cover, is a little worry and cause of concerns to me though.

    As tahi wrote, the Management should come out with good news constantly to force these poeple to rush in and cover.

    Regards.
 
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